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Strategies & Market Trends : Tech Stock Options

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To: Patrick Slevin who wrote (47726)	7/13/1998 3:20:00 PM
From: Nemer	Read Replies (1) of 58727

I was off in the back yard with the grandkids and missed the move SPX from 1664.40 to 1166.70 that the BBx had notified me about during my absence from the computer. The floor at 1165 appears strong enough to hold for perhaps the remainder of the afternoon. The additional floor numbers of 1164 and 1162 are close enough together to stop a drop of normal proportions, notwithstanding somewhat of a meltdown caused by news or whatever. On the other hand the ceiling of 1166.50 and 1169 are still close enough to provide a tight lid on anything beyond a scalping transaction for me, so I'll call it quits for today and go enjoy the kids. When the three of us are together, and out of her sight, Marilyn has three children to worry about.......gggg

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