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Strategies & Market Trends : Tech Stock Options

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To: Jenna who wrote (49322)8/5/1998 12:16:00 PM
From: Nemer  Read Replies (2) of 58727
 
Jenna:

LU and LUHRs in @ 3 1/4

currently trading @ 89 1/2 and 3 5/8 bid

TTMAR is what I would do in the described situation --
and unless your expectation for the market updraft is stronger than mine ..... who knows if it as good action or not ..... ggg

this market is trying to establish a bottom today and tomorrow
and LU has performed well in the face of major market adversity and while 90 could well be in reach, I don't think that LUHR, which is already up 1 point today will move more than another quarter at best ....

of course, if the market booms upwards and goes much higher, I will have advised you incorrectly .....
so I'm not going to advise you at all ....
just report what I would do should I be in LUHR @ 3 1/4 and had gone into the deal seeking a scalp ....... ggg

TTMAR is take the money and run ........

Regards ----- Nemer
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