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Technology Stocks : Stock Swap
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To: Trader X who wrote (9383)11/3/1997 5:39:00 PM
From: Judy  Read Replies (1) of 17305
 
Kevin, AMGN has a gap at 53-55 which it needs to fill with strong resistance at 55. My chart shows 49ish as the 50-day ema. Do you have the 50-day simple mav?

I sold the strike 50p when AMGN was at 46+, and plan to sell strike 50p again. Selling strike 55p may be a bit ambitious since the market direction has not resolved. Whadda ya think?

Saw your post that you expect WFR to head for high 20's soon? How did you arrive at that? If I sound dubious, you got that right.
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