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Strategies & Market Trends : Tech Stock Options

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To: mjoemurphy who wrote (58559)	1/21/2000 8:24:00 PM
From: cthruu	Read Replies (1) of 58727

I would not buy those WCOM calls. If WCOM does not turn around (which is a distinct possibility from its chart) you will be stuck with a losing position. If you must buy WCOM calls, wait till it shows reversal. Right now WCOM looks like it is in downtrend and do not try to make an enemy out of the trend. there are many,many more far better long candidates in BioTechs, Oil Services which just turned around in the last couple of days, B2B's and such. There are also many good put candidates - Cyclicals for example. CAT dropped in spite of beating the earnings estimates. Why look for a trade which may or may not work? Just an opinion. Regards: GP

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