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Strategies & Market Trends : P&F Gatherings
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To: accountclosed who wrote (153)5/6/1999 10:59:00 AM
From: Jorj X Mckie  Read Replies (1) of 2909
 
I can't discuss CLX in any detail. Just the entrails. The support that it has at $108 is not that strong and I would expect it to fail fairly quickly. This doesn't mean that it couldn't bounce off of the support though for a quick trade.

I would be more comfortable with puts with a target of $95 (Just above the bullish support line).
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