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Strategies & Market Trends : Tech Stock Options

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To: ViperChick Secret Agent 006.9 who wrote (40863)	4/23/1998 8:41:00 AM
From: Kevin	of 58727

>>>Hey Kevin see you were working hard today and didnt come out to play...BUT can we have a MF read (well and all your other little secret tricks) on IBM.....obviously the tape didnt look too good this stock shouldnt have been 120......NFW so lets see if we can get the sucker back down to more than Jim's 113 for Electric...well for me to 'cause I want to play...<<< Hi Lisa. IBM has had very strong block MF. In fact it could test $120 again today. I'm not saying the stock is worth $120 (fundamentally), but there's alot of support on this run up. Because of this I think any selloff will be short-lived...just like the SPX. Like I said to Electric last week, it's just not a good time to try to play the downside of IBM. High risk / low percentage play IMO.

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