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Strategies & Market Trends : Tech Stock Options

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To: Stoctrash who wrote (44680)	6/3/1998 6:15:00 PM
From: donald sew	Read Replies (3) of 58727

GOSH, I was out all day putzing with my new computer, installing drivers since the manufacturer screwed up - felt like like throwing the darn thing out the window, but finally got it going. WHATS WITH ALL THESE MESSAGES - gggggggggggg Need to confirm once the data is updated but it now appears that the overall market is in the oversold position and could be CLASS BUYS to the upside with the BUY-IN day as tomorrow at the low of the day. It appears that the DOW could retest/approach the 8750 support as it did last week. Once it does, feel that it will pop from there to the upside for a temporary move up of a few days, with negativity coming afterwards, sometime next week. Since I am still holding onto my PUT spread, I bought OEX JUNE 535 calls for 3 5/8 in order to form a strangle of sort with my put spread. I will add onto my call position if the DOW retests 8750 range. This long position is only for a limited pop since I am going after as many ripples as possible. Seeya

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