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Strategies & Market Trends : Tech Stock Options

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To: Kevin who wrote (2068)	5/29/1996 6:39:00 PM
From: Tom Trader	of 58727

Kevin, on FORE's price action You were certainly right as to the 79-80 level that you projected. I am still in the trade and may exit if the stock shows any signs of turning tomorrow. Given that the market is weak and the bonds closed down over a point the weakness in the market may continue tomorrow in which case FORE may end up testing the 77 level. I really cant read it that well. The straddle that I sold ensures that I am OK as long as the stock stays within a range of 71-97. I am best off if it closes around 85 by the time options expire. The split complicates matters otherwise I would have been comfortable staying with it.

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