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Strategies & Market Trends : Tech Stock Options

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To: Darth Trader who wrote (34485)	1/30/1998 11:30:00 AM
From: donald sew	of 58727

Darth, You are correct that we are seeing strength for the longer-term, especially in the NAZ. The first time I saw that, was last Friday when I pulled out my NDX PUTS for a small loss. There will be a short-term pullback, but in light of the strength that we are seeing, do not believe that the immediate short-term pullback should not be strong at all, unless there is bad news to intensify it. Im going for every ripple. Will not be staying in my XAL PUTS too long, or I may initiate a strangle if the XAL pulls back 10 points by Monday. Seeya

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