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Strategies & Market Trends : Tech Stock Options

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To: Trey McAtee who wrote (58008)	11/24/1998 1:13:00 AM
From: Daflye	Read Replies (2) of 58727

Just catchin' up on the readin', I go climbing all day and come back to new Dow/S&P/NDX highs. Bizarre. This run is leaving people, myself included, literally exhausted. I've already been burned on a few put positions, and had all my EMC called away, courtesy of Fridays run, and me writing calls expecting a pullback. UGH. This rally seems to be confusing the hell out of alot of bright people, or maybe just me. heh heh heh New highs during Septembers bear spike where around 125 on the NYSE. Todays were 126? I'm sidelined, waiting for upside confirmation from the RUT. I'm debating opening a small long position, RUTCD and/or RUTCJ. If smallcaps make a run for the old highs they will pay off pretty well. With the VIX falling under 20 options are "cheap", and I do use that term lightly. Night Night Darin

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