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Strategies & Market Trends : Tech Stock Options

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To: marc chatman who wrote (39860)	4/15/1998 8:15:00 PM
From: joe smith	Read Replies (1) of 58727

glad you had the drillers to offset a bit. they were up nice today. i havent reentered yet as not sure about opec and direction of price of oil. altr met estimates which were flat so no biggie there. i got some at 42 5/8 near close. wanted xlnx but no upticks the whole last half hour of the day. i dont see a run to 330. sure a handful of them have had decent reports, but the overall trend is down. they have shown how weak they are relative to other sectors. other than some mo money buying up some dogs there is nothing keeping them from falling to new places very soon. hang tough. i dont see the index getting above 315. if up in first half hour that should be a peak and then its on to 245 range(with market correction of course. js

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