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Strategies & Market Trends : Tech Stock Options

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To: donald sew who wrote (31658)	12/19/1997 11:40:00 PM
From: mozek	Read Replies (1) of 58727

No kidding!!! I sold the XOIs and IIXs just after the open expecting it to continue into late morning. Since I stayed up pretty late last night, I decided to sleep a little longer and slept right through the 260+ point dive <VVBG>. I'm very thankful that I didn't have to sit through that. In the last hour when it looked pretty clear that we'd have a good close, I repurchased the XOIs with a little savings. I already have a CISCO leap call spread that I uncovered today to participate in the IIX strength. I also bought a lot of DIGL which was on fire sale today. I could be wrong, but the technicals on them look OK to me, and I decided a while ago that I LOVED the fundamentals. I believe that at least some of the recent dip is due to the Cabot market letter selling them. I still think that theres a good chance of a very strong bounce in the XOI if we get a rally of any substance in the market. I'll be headed to Prague for the holidays, but I'll still check in from my WinCE machine for those INDEX UPDATEs :-) Thanks again for posting them. I hope all on the thread has an excellent holiday season. Mike

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