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Technology Stocks : IBM
IBM 304.42+0.1%Nov 25 3:59 PM EST
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To: Ben Antanaitis who wrote (3507)7/20/1998 2:25:00 PM
From: David Lee Smith  Read Replies (2) of 8218
 
Option patterns suggest a double top forming. Recent up move is on light volume and call option volume and pricing suggests at most a return to the previous high and nothing above that. Most volume is on the call side. No one wants the puts. I have to believe most of the option players will be wrong. I still hold the view of IBM being a $64 by year-end 1998!!
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