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Strategies & Market Trends : Tech Stock Options

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To: Barbara Barry who wrote (43681)	5/20/1998 5:52:00 PM
From: donald sew	Read Replies (2) of 58727

Barbera, I closed out of my puts real fast today, since I was only playing an intraday play. Just a bit confused, wasnt it BILL who was saying to buy strong as the market was going down, or was that someone else. Per my earlier notes I indicated that the top to arrive May 26-27, I only played for a late day selloff intraday. I think I will leave the real day trading to Patrick and stick to my technicals. I do not feel that there will be any strong pullback or runup and still sticking to my 9300-8750 range. In light of that it will be difficult for many to play puts or longs unless they get close to nailing the entry. Unless the interest rates increase we will just be girating 200-300 point swings within the 9300-8750 range. Just do not see a big pullback yet even though the technical underpinnings are still weak. Seeya

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