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Strategies & Market Trends : Tech Stock Options

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To: the options strategist who wrote (48697)	7/28/1998 12:46:00 PM
From: Nemer	Read Replies (2) of 58727

Jen: here goes your visual ---- ------>Lets take DELL. It gapped opened 111 1/16. So I'd look for it to be bouncing off a price support. After the first 1/2 hr. DELL moves up to 112 1/2 in the first half hr. the bounce from the support was what made it a gapper so you'd not have that to consider to determine an entry price ----- so we have the high for the first half hour to be 112 1/2 ------ ------->I would enter if it were 113 after the first 1/2 hour. nope, you'd enter if and when the price reached 112 1/2 plus 1/4 making the enter at 112 3/4 ---- ----->Now in the case of DELL it would not be bouncing off a price support, right. Therefore, DELL would not be a stock to use in this strategy. Dell bouced off support at 108 yesterday afternoon, making it gain and close strongly at 110 1/4 when it proceeded to gap open today, so yes it would be one to consider the gapper tatic. ---->am I on track. just follow lisa ------ gggg ------>btw, does anyone know what DELL price support is? just so happens I do --- 104 and 108 with resistance at 116 and 110 1/4 Regards ----- Nemer

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