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Strategies & Market Trends : Tech Stock Options

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To: ViperChick Secret Agent 006.9 who wrote (41586)4/27/1998 8:19:00 PM
From: FJV  Read Replies (2) of 58727
 
Ciao Bella,

Lately I've been playing in the sand box with some of the kiddie cheerleaders on the "How High will MSFT Fly" thread. I caught enough flame to require BBQ sauce because I had the audacity to suggest that BillG was prime for a short term hit. It was fun though -I was just making an attempt at balance for lurkers such as yours truly.

Alora, I took a look at XCIT again today after the close as I told you I would. As you could have probably surmised, support has been broken at the 21 dma and you're good to test 49 at the next level - the 89 dma (I use Fib #s for ma analysis). RSI, momentum, stoch are all weak. IMO, barring another major internet goosing thanks to KTEL, XCIT seems like a low risk trade to 49. If it breaks 49, Oh Baby!

I hope I haven't offended anyone with my occasional "ribaldry" -just my style to make a point. Ci vediamo Bella e cinquanta mille grazie for always responding to my posts. Ciao.

Franco
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