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Technology Stocks : IBM
IBM 302.65-2.0%3:01 PM EST
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To: tcd who wrote (5478)8/4/1999 9:27:00 PM
From: jim  Read Replies (2) of 8218
 
Good plan, I think that now that we are below the 50 day moving average, and given the upcoming season weakness, I think it will approach the 200 day moving average which is just below $100.

I suggest buying the Oct 140 puts (very little premium) and when they expire in Oct then go long.

Good Luck
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