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Strategies & Market Trends : The Options Box

QQQ 608.89

+0.6%

Nov 25 4:00 PM EST

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To: Poet who wrote (451)	5/18/2000 9:28:00 AM
From: Poet	Read Replies (1) of 10876

A TA update on the SEBL call play, from the Wednesday Option Investor newsletter: "After Monday's breakout to the $140 level, SEBL has found support in the last two sessions around $135. Today, SEBL traded in a $5 range. It bounced early in the day off of $135.50 and then found its second bounce later at $137, just about where it opened. Both of these levels are short-term support that represent good entry points, depending on risk profiles. More intermediate support is below at the 10-dma of $131.88. Conservative traders may want to wait for the surge through $140 on strong volume before entering, but the return of volume may not be necessary for this uptrend to continue." Disclosure: I have the SEBL June 135 calls.

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