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Strategies & Market Trends : Tech Stock Options

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To: Loren Winzeler who wrote (6483)	3/26/1997 9:27:00 PM
From: Al Paxton	of 58727

I need some advice... I have been messing around with penny stocks for too long and just decided to start trading options. My first buy has been a good one. I bought 2 EMC Jul 32 1/2 calls at 3 3/8 each. Since then the stock has gone up almost everyday since and I can sell these options for almost 6 which is a nice profit in 5 days trading. I am new to this game and wondered if anyone had suggestions whether I should liquidate the position, sell 2 EMC Jul 37 1/2 calls to create a spread (they are trading at about 3 3/8), or just hold. (I have McMillan next to my computer) This stock moved up against the market on no news and all looks very well, but the stochastic tech indicator has blasted past 80 and if anyone is a fan of Williams %R that has gone below 20 also. RSI's are crossing zero moving up, so is the MACD histogram. I've been messing around with Five and Unders for too long, nice to be with you guys now trading on the fortunes of decent companies. If you haven't seen it already check out the technical analysis page www.alphachart.com (if you are applet enabled only). Some great easy to use technicals. Thanks, Alistair. Sorry to post a general message in reply to something unrelated.

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