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Strategies & Market Trends : Tech Stock Options

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To: Lyle Abramowitz who wrote (5856)3/7/1997 1:19:00 PM
From: Kevin   of 58727
 
Hi Lyle. Good to hear from you. Nice ride for you on the MO leaps!

You've listed alot of valid reasons for the stock to climb...although the stock is currently trading at its highest level vs. earnings in years!

MO was the #1 candidate on my list of stocks with neg MF but positive price direction. Indications are for a possible drop to $115, but I'm really just looking for the stock to stall...that's the great thing about selling calls :)
Hell, if the stock does head for lower territory like I think is possible, it'll be an extra bonus for me.

INTC might trade lower a couple bucks before the close based on today's activity...indications aren't strong enough for me to buy puts though (for a quick 3 hour trade).

Longer term indications are pointing to $140.

Good luck with your trades!
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