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Strategies & Market Trends : Tech Stock Options

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To: Patrick Slevin who wrote (46848)	6/25/1998 8:32:00 AM
From: SE	Read Replies (2) of 58727

Patrick, Thanks for the up-date on SS. I agree with you, there was nothing to indicate that program buying has kicked in and therefore this rally appears to be the real deal. No spikes of any kind that would indicate an extreme overbought condition. Don't know what it will/would take to bring this baby back down to where my puts will be worth a squat. Just hoping for a short term pull-back at this point so I can exit gracefully. Unfortunately, I don't see that coming up. In any event, this baby appears to want to run and run it shall. The only thing this will make me more sure of is the next round of corrective activity will be even more severe and quick. Hope we all can catch that round. I still cannot beleive this is happening. It seems to me that everyone under the sun was calling for a summer rally. How can a summer rally occur if everyone expects it....maybe cause everyone is jumping on the wagon as it passes. Still sitting on the porch watching the sun-set.... -Scott

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