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Strategies & Market Trends : Tech Stock Options

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To: Kevin who wrote (6467)	3/27/1997 12:21:00 PM
From: broken_cookie	of 58727

Hi Kevin, Sorry to see that work is interfering with your trades. :) >>>> I think the resistance comes from COMS. Big time crap earnings report. I don't think the stock is worth much more than $35 at this point and its current activity is proving that. Now being that COMS is offering 1.75 shares for USRX, $35 would put USTRX at $61 1/4, so the $35 / $60 relationship makes sense. <<<< I've seen USRX smack off 60+ more than a few times since I bought the May 50 calls. That was a wild ride. A day after I bought them the "merger" was announced. Looked like I cleaned up (+10 on instanet overnight) but reality set in before option trading opened. I got rid of the UQX's (-25%) and picked up some INTC April 130 puts for 1 3/8. Think this is going to be good for a quick buck. You can definately ride this bus both ways. I'll be out of this one way before earnings. Take care, Richard

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