Steve's Channelling Thread Message Board

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Strategies & Market Trends : Steve's Channelling Thread

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To: Steve Lee who wrote (62)	1/11/2000 10:43:00 AM
From: Steve Lee	Read Replies (1) of 30051

Sold the INTC Feb 80 calls for 11 3/4 when the stock hit 89 1/2 figuring we might not get past this previous all time high. As it happens I left some on the table with the runup now paused at 91 1/2. Would like to get more calls at a lower price if possible. Also looking at picking up some Microsoft calls. From memory, they always get a nice run when a new OS is released. VLNC also is showing strength - if it can stay above 19 1/2 at the close then it might be back in its 19 1/2 - 22 1/2 range from the end of last year, or it might even break higher. CPQ is moving up slowly today. Hopefully my Jan 30 calls will be in the money before expiry at the end of next week.

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