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Strategies & Market Trends : Tech Stock Options

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To: Alan Smithee who wrote (6720)4/2/1997 5:31:00 PM
From: Kevin   of 58727
 
>>>I know Kevin and others on this thread are bearish. Bill Hueb, who tends not to inhabit this thread too much (look for him on Options 30 days or Less or on Option Trading for Pros) sees the stock headed higher. His ability for TA is strong, and he's called the moves correctly on various individual stocks (AOL among them) as well as general market moves. <<<

DSG, don't forget that I've stated INTC will be at $155 after their earnings report if all goes well. I'd estimate by early to mid-May.

Bill Hueb seems like he knows quite a bit. I agree with his statements that option trading is all about statistics...that is why I always have factual REASONS for each and every trade. No hunches or tuition....just buy and sell signals from data.
Although buying puts on a stocks with rising 200 DMA lost him "tens of thousands", it has obviously made me a nice pile of cash :)
What I mean is, that is a 'plain jane' general rule from a TA book that isn't necessarily true (which I've proven). It depends on your time frame and your reasons for buying the puts...the signals you get from your tools.

I hope I cleared up my outlook on INTC & given you a clear opinion on up-trending 200 DMA.

Take Care.
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