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Strategies & Market Trends : Tech Stock Options

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To: Kevin Walsh who wrote (35140)2/18/1998 9:23:00 AM
From: Kevin  Read Replies (1) of 58727
 
Good morning Kevin. How are ya?

The thread looks a little dead, so I thought I'd throw out a couple of ideas for discussion.

AHP: target $97 based on strong block MF. I may consider trading it, but I'll most likely wait until it breaks $90 first.
AOL: stock has looked strong since below $80...steady buying and steady price increase over the last 3 months. As soon as the stock broke above $115, I began to see block selling. I may short calls if we see some strength today...looking for a stall below $115.

As for the overall market, we've been in a bull trend for 14 trading days (average length is usually 3-7 days), but a down day today will finally end that trend if my indicators are right. I estimate 1020 to be the turning point. Once we fall below that we'll selloff...to 1010...possibly 1000 (which would be very healthy IMO).

If we have an up day, all bets are off because the bull trend stays intact.

Adios!
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