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Strategies & Market Trends : Stochastics

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To: Jason Loren Bauer who wrote (432)	4/2/1998 5:06:00 PM
From: Wayners	Read Replies (1) of 927

That's interesting that you picked MXIM. I had puts on them last week which I sold. Made about 30% on them. The problem with MXIM is the slight downtrend. I've noticed its only been trading between $35 and $37 but today it broke out of that range and went up to $37.50. Its going to have trouble getting past the upper bollinger band at just under $38. There's other resistance there too and the there's the downtrend. I wouldn't play it long, however, I'd look for an opportunity to short--its not there quite yet. On ORCL I think the price is going to go down. The volatility is kind of low. I wouldn't have shorted where you did because its not that high of a percentage play. Its working out so far. The trend was up but now its neutral. I'd cover the short at the lower band which is currently at about $28.375.

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