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Strategies & Market Trends : Tech Stock Options
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To: waverider who wrote (52771)9/16/1998 1:03:00 AM
From: Lee Lichterman III  Read Replies (1) of 58727
 
I looked real hard at DELL puts today (DLQVM) and almost pulled the trigger but they are right at a key resistance point there at 60. Be careful, if they get over that, they could run 5 more fast. I had the downside to around 55 weak support channel and then a firmer one at 53. I bit on IBM 135s even though they are near a resistance point too but saw more possible downside in them. GTW is getting pretty high and I see no reason for it. I would hate to have to make money riding them down a third time in such a short time span <g> GTW in the mid fifties and MU in the 30s is like free money either short or in puts. Just be careful if you do pick on MU. Their buyout this quarter will allow them to hide allot of their losses as aquisition fees. Their disclosure of true earnings are about as factual as Clinton's definition of what constitutes sex.

Good Luck

Lee
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