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Strategies & Market Trends : Options-Technical analysis
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To: browser who wrote (280)3/22/1999 9:50:00 PM
From: Richard Strutz  Read Replies (1) of 296
 
Hi Browser,

I bought calls today on PG. PG hit a new 52 week high of 95 1/2 at the close, taking out the old high of 94 15/16. Bought 40 contracts of April 100 @ $ 1, given that this stock has tried 3 times to overcome 95 recently, I feel that now there wil be strong buying pressure with low resistance. PG could run to 110, 120+ range short term. Your thoughts are welcomed, do you see a run here as well.
Thx,
Rich
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