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Technology Stocks : INTEL TRADER

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To: smolejv@gmx.net who wrote (1691)1/6/1998 5:51:00 PM
From: MonsieurGonzo  Read Replies (1) of 11051
 
CSCO looks like a near-term top to me; next target is gap at ~53...

...buy CSCO FEB 55 PUTs CYQNK 2-3/4 ASK; or,

...sell (preferred) :

CSCO JAN 56.625 CALLs CYZAY 1-15/16 BID
CSCO JAN 55.000 CALLs CYQAK 3-1/8 BID
CSCO JAN 53.375 CALLs CYZAX 4-1/4 BID

I'm long DAINN DAI FEB 70 PUTs @ 1-15/16, hoping to play the NYSE:DAX arbitrage again (ie., I am betting that the DAX will follow the DOW down tomorrow).

To predict a little: the same trend will continue (talking about
US$/DEM exchange rate) until at least may 98 or any other such
moment when the world opinion about the European monetary union
will change colours (for better or worse).


My target for the DEM's high in 1998 is 2.1 DEM / USD, or +16.7%

-Steve
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