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Strategies & Market Trends : Roger's 1998 Short Picks

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To: Timoteo who wrote (3197)2/19/1998 10:11:00 AM
From: McNabb Brothers   of 18691
 
Tim,

We covered our DELL short options a few days ago due to earnings coming up. We are trying to sell the March 120 calls this morning.

I covered 1/3 of my CTXS short the other day at $64. Thinking it could bounce back to the low 70's. It has support between 63 and 65.
If it breaks this support level after another small run up or two we should see the mid 50's.

We like AVNT with support at 14 to 15 it should break down to 10 or 11. We did have one broker call AVNT back due today but we are going to ignore the call and see if they find some or cover the position.

Have a good day
Mike
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