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Strategies & Market Trends : Tech Stock Options

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To: Barbara Barry who wrote (38993)4/10/1998 11:42:00 PM
From: Patrick Slevin  Read Replies (1) of 58727
 
Hi Barb. What's new on the home front?

This Temple fellow (I will presume it's a male. I'm from a land where the word "Temple" has no gender)

Presents a nice case for picking a top has no rational basis, but presents no case why the market should progress higher.

I agree. There is no reason to suppose the market should not move to 10,000..hell, 20,000. Pick a number, I don't care. But Why?

Just as rational a question as to why the market should correct is the question why should it continue higher? It's easy to dismiss people who believe in a pullback, when you are unclear as to why no pullback is in sight.

And I have no idea what he's speaking of with respect to fair value. I trade futures every day. Knowing Fair Value is key. You tell me, what's he talking about? I mean this as a honest question, he obviously thinks of fair value as something other than what I think of Fair Value as.
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