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Strategies & Market Trends : Tech Stock Options
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To: Darth Trader who wrote (40291)4/18/1998 4:40:00 PM
From: Barbara Barry  Read Replies (2) of 58727
 
Darth,
FWIW.Your idea isn't off but the timing might be too soon.IMHO
A 20% correction in the oex would be a pretty serious drop in the dow.I just don't think the trend is broken yet..getting toppy,yes.But my "guess" is a pullback that may pay you if you don't go so far out of the money.May has historically been a bullish month so be careful.Bill and Lisa know I am waiting impatiently to buy may puts and thanks to them I am using restraint.When I do,I am not expecting huge returns...Ironically, I just spoke to someone with mbna and he said the banks are holding up their interest rates on credit cards because of so many losses from default and bankruptcies lately.We have to pay up for those losses if we carry a balance.He thinks this market will tank...but it's that darn "when" thing.
Regards,
Barbara
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