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Strategies & Market Trends : Tech Stock Options

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To: ViperChick Secret Agent 006.9 who wrote (43900)	5/26/1998 11:41:00 PM
From: Dwight E. Karlsen	Read Replies (1) of 58727

remember I'm in the MSH and you're in the SPX..they do deviate somewhat, though not much on a day like today. My thinking was that sure the dippers got hammered good this morning; I'm sure many are still in shock; but that was a pretty good rally, though quick. I think of this AM's dippers as cannon fodder.. but there's more $ out there looking for a home. Possibly foreign money (read Asian). I noticed today that the computer hardware sector was trying very hard to rally, even at midday. And actually INTC ended the day up, though off it's high. The MSH was at 595 only eight trading days ago. Closed today at 548, an 8% drop from then to now. Dang. I was looking hard at the 595 and 600 puts then, but thought they were too expensive. All that plotting, and then I chickened out when the time came. -g-

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