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Strategies & Market Trends : Tech Stock Options

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To: ViperChick Secret Agent 006.9 who wrote (48469)	7/26/1998 6:35:00 PM
From: Dwight E. Karlsen	Read Replies (1) of 58727

what does "parabolic sell" mean vs. say a regular sell? Are there probabilities attached to both terms? Just looking at the charts it's apparent we had a parabolic "blow-off" move up in the SPX, MSH, probably NDX also; now it's time to pay, since those levels weren't realistically sustainable across the board. BTW, nice pick with LU from $80 to $100..hope you made a bundle. You offered the pick to me but I turned it down, so what can I say...have you seen Nokia (NOKA) lately? Up 9 on Friday. That was my #1 pick last year, but in the Oct 97 thru Jan 98 carnage I lost confidence in the stock..very volatile, along with idiotic ANALyst's trying to pretend to be stock analysts.

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