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Strategies & Market Trends : Tech Stock Options
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To: Kevin who wrote (2222)6/5/1996 10:47:00 AM
From: Pascal A. Mons   of 58727
 
Kevin,

There is always room for errors when calling a price movement. However there is always signs coming out minutes before. Signs may differ (or may not ?) widely from one stock to another, but are fairly the same for one stock.

On USRX during the past week or so, the average volume was lower. We clearly saw a $95 resistence and $90 support, and the share price moving within that range (except at one time when $87 1/2 was tested). I guess it may have been possible to profit from it ? Today the stock opened higher and was testing $95 more and more closely, then I should expect it soon above the buffer i.e. above $96. And that's it for the early session movement.

In the mean time the USRX stock has been upgraded by a major brokerage yesterday I think ? which may have its result on the market.
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