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Strategies & Market Trends : Tech Stock Options

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To: donald sew who wrote (27622)11/1/1997 6:12:00 PM
From: mozek  Read Replies (1) of 58727
 
Donald,
Are you saying that you see the DOW trading in the 3000's in the near future? I'm guessing that your post really meant 7250-7300 and 7350-7400. Is this based on your usual TA discipline and your new guitar theory?

My concern is that the general sentiment seems to be expectation of testing the recent lows followed by a runup. I wouldn't be surprised if a test of the lows pierces them. I'm actually holding most of my portfolio in long term positions with puts as a hedging instrument. I sold my last hedging puts Tuesday morning and purchased more yesterday. I will probably only drop half of these on a retest before confirmation of a bounce.

Thanks,
Mike
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