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Strategies & Market Trends : Tech Stock Options

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To: Electric who wrote (32289)1/6/1998 11:33:00 AM
From: Kevin  Read Replies (1) of 58727
 
>>>I finished a sucessful play on MSFT when it was in the 118-120 area<<<<

I'm kicking myself for not touching MSFT at that level. I was waiting for it to slide a little further, because I had bear trends with various indicators for the overall market.

>>> IBM was moving near my 108-110 area, but has backed off today. <<<

You and I are still looking at IBM from opposite angles. Last dip below $100, I shorted puts (again) and will probably close them out soon. Shorted them at 3 3/8 (Jan 100s) and can buy them back at 3/4. I'd don't want to 'wait around' for the last $750...not worth it.

See ya.

BTW, remind me the next time you're getting ready to short calls on IBM. I may join you if the signals confirm!
Depe
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