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Strategies & Market Trends : Tech Stock Options

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To: donald sew who wrote (36035)	3/5/1998 11:24:00 AM
From: Nemer	of 58727

Don: __>What do you think about playing MAR PUTS on the BKX. The market for BRX is a little thin for my liking. I know you play similar and do well, but my comfort level needs more volume. However, when I had the big box run a scan on it, the resulting analysis came back with support at 785 and 775 with no announced resistance. It's selling right now at 788.48 down 2.74. So, to answer your question, I don't think that it will decline to my lower resistance level of 775 before the Mar expry....longer term, say Jun, the sector could well be below it, but that is only a WAG.....ggg, not one to put much faith into. Sorry I'm not more help, but you got me so interested in those ripples that I fear I've become a wino......ggggg I haven't carried a position overnight in a good while. Regards---Nemer

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