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Strategies & Market Trends : Tech Stock Options

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To: Stoctrash who wrote (46115)6/17/1998 10:36:00 AM
From: Kevin  Read Replies (1) of 58727
 
Hey dude, what's up? MF for today is fairly strong and supports today's rally to 1102. However, I still think we will make a trip back down to 1075-1080 within a week due to the longer term MF picture (1-week, 2-week, and 1-month cumulative figures). If I see a downside turn in the intraday MF today and a fall back below 1100, I will go long puts on the SPX and try to ride it down.

Adios.

Oh BTW, is anyone interested in SLB? Been checking that one out this morning. I have targets ranging from $82-87. Thinking about some longer term calls.

Kevin
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