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Strategies & Market Trends : Tech Stock Options

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To: HairBall who wrote (58155)	11/30/1998 3:15:00 PM
From: donald sew	Read Replies (3) of 58727

LG, This one day dip, regardless if we bounce up, is definitely stronger than expected and is broadbased, which is implying that the market is weakening quickly and that a firmer TOP has been set. I am really surprised that the market sold off so fast, even if it rebounds quickly over the next few days. Right now the DOW is down 170. Now I am not that sure of a nice up-spike back to 9300 in the next few days, but it could still happen. Since Im playing options I will wait a few days, taking the chance of missing it. As for stocks - today was the day to sell some. Sure it can go higher but it appears now that the risk:reward ration in going long now is getting risky. Seeya

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