The OEX... gasp! Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : The OEX... gasp!

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: The Jedi who wrote (551)	2/15/1997 5:37:00 PM
From: Richard J. Byrd	of 658

Kiri: Excellent analysis! I agree the mkt is going to continue on the upswing to somewhere in the DOW 7300-7500 before a worry-point. However, I still expect some pullback over the next several trading days after the huge runnup last week. I still advise against holding Feb OEX calls next week with the expiration fast approaching; I dumped my OEXBR's on thursday at a tidy profit. There are still profit-takers out there who have a nice gain and will be liquidating tues-thurs to hold onto profits. Look for a good dip next week. There is a resistance level on the OEX at 776-778, but I don't think it will go this far. I'd look for an entry at 780. Then you can pick up your Mar 820 calls for a bargain price. But, But, But -- I've been wrong before. Dick

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next