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Strategies & Market Trends : Tech Stock Options

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To: Pascal A. Mons who wrote (2288)	6/6/1996 12:55:00 PM
From: Michael Hillman	of 58727

Pascal ... Jmed is very strong ..do you feel the strength will hold thru the split next week ????? MSFT is just damn impressive ..still IOMG ....I saw a lot of small trades to start the day....with support being attempted early ..for about 5 mins bid/ask were well above the trade price . Then it turned ..the traders decided to go with the flow ...and sold with the 'retailers '..lots of little lots ..but a good number of larger ones . 5 million shares at 35 ..with 85% of them going to institutes for the express purpose to take out the volitility ...'wholesale' Once the little guys were gone ...price stabilized and has begun creep back up .. I'm looking for 40 as a target ..if I bought a $1000000 worth of stock at 35 ...I would like 40 ..accept 37.50 ..be disappointed at 36 or less. Each time this week ..at the close ..the stock was supported back to 40 ..or better ...which is why I still sell 40 puts .. So to me 40 is the magic number ......................thoughts?

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