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Strategies & Market Trends : Tech Stock Options

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To: SFW who wrote (2716)	6/19/1996 2:56:00 PM
From: Judy	of 58727

Good Day, Abed Wanted to watch AMTX today a few times before responding. The spread on it yesterday was 3/4 point so I knew the mm's were playing the stock. Closed at 20 yesterday and the play resumed today. Did you see the heavy trading volume on the stock?? Clearly it was forced down to 16+ this morning, then allowed to recover a bit. Once it finds base this week or next, I'll be looking for a rise. But AMTX may have been hit too hard, its chart technically damaged. Let's see where it finds its footing and go from there. Selling puts at support may be a good strategy, especially if the stock is just going to languish for awhile. Imagine that AMTX was 27-29 just last Friday ...fundamentals haven't changed, since it doesn't have any ... no products, no revenues.There was a news announcement yesterday about a competitive ADSL product too, adding to the debacle. Well, is USRX hiking it back to 85 ...perhaps to close the week at 87+? Are you playing it?

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