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Strategies & Market Trends : Stock Attack -- A Complete Analysis

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To: dennis michael patterson who wrote (16337)	10/5/1998 1:50:00 AM
From: Lee Lichterman III	Read Replies (1) of 42787

I finished looking around and just don't like anything as a put candidate at these prices. I am going to play the OEX or wait for a bounce to re-engage later. I still think there is a chance for a short term bounce as silly as it sounds but with expiration coming up, I think the risk is too high right now. I have to be in Boise tomorrow and don't want to turn my back on the market with options open. After looking at the stocks we were considering, I just don't see much more than a couple points of profit versus the large amount of unknowns. Even IBM only has a few points downside compared to the 15 it had earlier when I was playing it. If CSCO crashes on the news I posted earlier, then maybe. Otherwise, I think I will hope for higher prices and engage there or else wait to see more favorable chart patterns. With only 2 weeks to expiration, the OEXs aren't as bad now as they were earlier. If I had a gun to my head and had to trade, I would probably try for 3 points on UAL, XRX and a couple points from CPWR if it bounces a little. Good Luck, Lee

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