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Technology Stocks : Avid Technology

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To: John Veltheer who wrote (237)	5/10/1997 1:43:00 PM
From: James F. Hopkins	of 777

Hi Jev: I'm no expert on TA but for what it's worth AVID looks to have support at $12..and 22.5 or 23 is its resistance level if she makes 24 she could go on back up to 30..she wont stay were she is; she will go on up or down..I'm betting down but if she takes out 24 then all bets are off, untill she hits 30 or so..your june 15 puts may be OK..if I may ask what did you have to pay for them ? I got 17.5 for 5/16...I thouht at first I got them at a 1/4 but didn't. I'm in a hold pattern now..if she starts down I'll take however much my puts come into the money and buy some more untill she gets to 15..then hold till she reverses a down trend line..at which point I'll dump whatever I accumulate all at onec at market..if she don't come down I'll just lose on my june 17.5 puts, at this point I won't buy more till she falls or makes 30.. Jim

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