Steve's Channelling Thread Message Board

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Strategies & Market Trends : Steve's Channelling Thread

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To: Rich1 who wrote (14540)	4/16/2001 10:20:47 PM
From: ajtj99	Read Replies (1) of 30051

Rich, I'm thinking April QQQ 38 or 39 calls. I think we may see some serious selling in the morning, and 39's should be able to be had for between $0.75 to 1.00. That means I'm expecting a bounce off resistance on late Tuesday or early Wednesday. I think if INTC's earnings and outlook are in line with expectations, we may see a bounce on Wednesday. I'm thinking 39's for $0.75. It's dangerous playing options this close to expiration. If you're not certain about what to do, not doing anything is also an option in the options game.

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