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Strategies & Market Trends : Tech Stock Options

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To: Electric who wrote (33018)	1/13/1998 2:05:00 PM
From: Kevin	Read Replies (4) of 58727

>>>I dont think INTC has alot of legs in it, but thats only MHO...<<< I agree with you here. But like I said, I'll sideline myself from puts (or shorting calls) if INTC manages to break above the 200 DMA. >>>Did you add to your short position on big blue?<<< Nope. I'll leave that position as is. I was really glad to get out of the ASND puts I shorted...been burned by ASND too many times in '97. Now I'm short calls looking for a stall below $30. We'll see. >>> I might get into a feb 100 today, if the market drops. Or would you recommend to wait until Thursday (the predicted down day by Don and by Looney Patrick :^} ) <<< Might wanna wait til Thursday, since Don and Patrick are predicting down. I haven't seen many reads from Patrick lately, but I know that Don has been hot. FWIW, I'm still bearish. Good luck.

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