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Technology Stocks : Xylan
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To: Gary Korn who wrote (3412)11/10/1998 1:22:00 PM
From: Trevor Quest  Read Replies (1) of 4135
 
I have been looking to get long for a while and just bought a handful of Dec 22 1/2 calls at 7/8th. My thinking is a decisive break of 20 could see us trade quickly back to 25 level where the options will provide some good leverage. Downside, I lose the premium.

Does anyone have thoughts on today's price action. Target levels to reduce or close long positions in short/med term?

TQ
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