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Strategies & Market Trends : Tech Stock Options

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To: broken_cookie who wrote (16709)	7/24/1997 3:12:00 PM
From: Kevin	of 58727

Richard. With MF supporting the run, I think IBM can go to $115 soon and possibly $130 when the craziness fuels up again. Neither target is fundamentally unheard of IMO. BTW, I rolled up and out of my covered CUBE calls...didn't want the shares called away. Took a $5250 hit on the other ones (I have ALOT of shares)...dumb not to close position once CUBE broke the $20 resistance. I went with Nov 25 @ 3 5/8. I'm getting signals it'll stall or fall soon. market is obviously heading higher, but that doesn't mean CUBE will...yet.

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