MARKET INDEX TECHNICAL ANALYSIS - MITA Message Board

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Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA

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To: J.T. who wrote (1663)	12/2/1999 11:39:00 AM
From: J.T.	Read Replies (3) of 19219

MSFT is acting strong. It is now at 93 7/8 after reaching intraday high of 94 3/16. I have went in and bought MSFT DEC 105's at 3/16 to put on this strangle now. I went with the 105's because the 100's are going to be basically worthless with a bad employment number tomorrow anyway. 100's and 105 premiums will disappear with any bad number. But with MSFT base formation for past 8 months? It will break out hard to the upside with a benign employment number and MSFT will move up hard and fast. It is climbing this wall of worry and is poised for huge pop that I want to be in for if # is right. Either way, I am poised for this hard move up or down. I will lose both ways if MSFT stays in narrow trading band. I do not expect this to happen. You must be willing to lose your entire investment. Out until this afternoon. Best Regards, J.T.

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