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Technology Stocks : STAR Telecommunications (STRX)
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To: Candle stick who wrote (404)11/3/1998 4:45:00 AM
From: Spaw  Read Replies (1) of 780
 
Candle,
Watch out at 15.
This stock sees a very large single trade put position taken on every expiration day. I have never seen strx hold above the strike of the position. The last of these was in the Nov. 15 calls.
Breakout will be confirmed for me when Star holds at 16.
Additionally, there is tremendous overhead supply.
But... I am very bullish this company from a fundamental perspective, hence my large position.

--spaw--
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