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Strategies & Market Trends : Aetna ( aet)
AET 212.70+0.3%Nov 28 4:00 PM EST

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To: Home-Run who wrote (28)10/14/1997 2:01:00 PM
From: men mailman   of 110
 
Stock was very strong hitting 80 5/8 and above yesterday, and 80 7/16 today. It seems the sellers are gone.

The stock retreated now to 78 7/8 due to overall skiddishniss in the market with the oex declining 9 points.

I see huge buying into aetna today and yesterday.

The stock may hold under 80 until friday since the MM'S may want to benefit from some of their uncovered calls, however they won't be able to keep it below 80 for too long. In fact I see it difficult for them to keep it below 80 even until friday in light of the supply of sellers drying up.

The stock is going to 85 very soon.
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