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Strategies & Market Trends : Tech Stock Options
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To: Jerry Olson who wrote (16485)7/23/1997 2:36:00 PM
From: Tom Trader   of 58727
 
>>On BAY it was JUDY's original idea

It sure was --- and she called it a long while ago, in the low 20s.

>>What's the market looking like to you???

On the market--just seems like backing and filling and with the long bond breaking through resistance, one must assume that the market is going to continue higher. I am still going to liquidate at 10% a week--by the end of this week, I'll be 70% in cash but I've decided to resort to a strategy that I detailed in a posting to Bill Heub on the Big K thread. I don't know how far this market is likely to go but at the same time, I am not comfortable being heavily invested and so this is my way of playing the upside without risking too much

Take care
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