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Strategies & Market Trends : Tech Stock Options

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To: Tom Trader who wrote (31428)	12/17/1997 5:15:00 PM
From: W. Clinton Terry	Read Replies (1) of 58727

Tom: Has your technical assessment of JBIL changed now that it has shown positive earnings? I bought a few puts (March) this morning on the gap up but have been having some second thoughts after watching its performance for the day. Its 50 day ma is on a downtrend, and it appears that the 200 day ma is also starting to develop a downtrend. The RS is also descending and the stock closed at or slightly below its 200 day moving average. I would appreciate your opinion on this so that I can add it to the confused hopper of my thinking. Clinton

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