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Technology Stocks : TLAB info?
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To: JM who wrote (1126)9/10/1997 3:38:00 PM
From: Texas   of 7342
 
Most are missing the point. Relative strength of TLAB today at a level not seen since middle of march at the beginning of a 30 point run. Look for TLAB to moveback up above 60 in front of earnings next month, then fall off only to $58 before closing the year at a new high. There will not be another opportunity to buy at these levels.

Good course of action here would be to buy the stock and in a week or so sell Oct. 60 calls against it. Since TLAB will report before option expiration next month, the calls will expire.
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