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Strategies & Market Trends : Tech Stock Options

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To: j g cordes who wrote (6039)3/14/1997 3:50:00 PM
From: Kevin   of 58727
 
Jim, even though I usually play with fundamentally strong companies, I gotta admit COMS looks pretty good at $35. I'd have to say selling puts is the way to go, because this baby may stay flat for awhile.

I'd say a worst case scenario is a drop to $30 with a dip into the 20s short term. A more likely scenario is a jump back to the mid 40s. It may wait til after next EPS report, but I think it is fairly valued at $45-50 in the near future (couple months) based on historical valuations & potential future growth.

I may get into COMS next week, or after expiration. Haven't decided.

BTW, I'm waiting to hear back from someone at DOW JONES. I want some literature sent to me saying that they DON'T exclude NASDAQ stocks. I've talked to 5 people 'in the industry' today and none of them were aware that NASDAQ stocks are considered for inclusion into the DJIA.
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