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Strategies & Market Trends : Tech Stock Options

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To: Judy who wrote (20353)8/21/1997 4:13:00 PM
From: Kevin   of 58727
 
>>>Should CPQ float down to 62-63, would it still be worth a flip? I'm assuming you are still holding CPQ calls ... <<<
Hi Judy. I just dumped my CPQ calls @ 6 1/2 and made $2625. There's alot of coulda/shoulda in this one...stock was a couple higher this morning. I got out because I don't like the current situation in the market.

I'd rather play this one in and out liek I've been doing instead of in and hold anyway. I see $68-70 as my target, so if it opens lower I'll begin to take a position.

Come tomorrow, the SPX will have 928.62 as its pivot and 935.90 as it's first resistance. Being that we're worried about the downside, I'd say watch 917.78 (approx). If we can't hold that support, then we're moving for 910.50

I see the SOX closed below its pivot of 399.44 which puts a negative spin on it. Tomorrow's supports are at 393.95, 390.83, and finally 381.94

I may need to check these figures in the morning, but I believe they're good.

Take care.
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