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Strategies & Market Trends : Tech Stock Options
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To: Kevin who wrote (5869)3/7/1997 3:52:00 PM
From: Judy   of 58727
 
Kevin. Placed limit order to sell MEDA at first resistance of 12 1/2. Based on the tape it must have executed. Stock could easily go to 14ish should some buyout rumor come out. Rumors tend to surface just prior to options expirations. I could have traded MEDA 3-4 times instead of holding like an investor waiting for the end of the rainbow. Now watch a buyout offer be made for MEDA next week!

I'm taking my money off the table with a 25% profit and will use the capital for new bargains coming up. Have a good weekend.
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