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Strategies & Market Trends : Tech Stock Options

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To: Kevin who wrote (5855)3/7/1997 12:43:00 PM
From: Lyle Abramowitz   of 58727
 
Kevin,

I'm long MO leaps and quite interested as to why you see it testing 115. MF? It has been behaving poorly in the last few sessions--although BB and RSI seem to indicate that it's still in an uptrend.

Fundamentals are positive IMO, strong earnings 3 for 1 split payable soon, multi-billion dollar stock repurchase announced, and of course the big wild card: the possibility of a government deal insulating tobacco companies from further liability suits. The latter could send the shares over 180, IMO.

MO shares are quite capable of big swings--although 20 points in MO is a pretty big move in INDU!

Nonetheless, I've been thinking about taking some of that in-the-money money off the table and rolling into 99s or 00s (that blasted millenium problem again). I could certainly use a big dip to my advantage in that trade, if you get my drift.

Also, if you can, please post an update on INTC's MF.

Regards,
Lyle
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