Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : The Options Box -- Ignore unavailable to you. Want to Upgrade?

To: Poet who wrote (451)	5/18/2000 9:28:00 AM
From: Poet	Read Replies (1) \| Respond to of 10876

A TA update on the SEBL call play, from the Wednesday Option Investor newsletter: "After Monday's breakout to the $140 level, SEBL has found support in the last two sessions around $135. Today, SEBL traded in a $5 range. It bounced early in the day off of $135.50 and then found its second bounce later at $137, just about where it opened. Both of these levels are short-term support that represent good entry points, depending on risk profiles. More intermediate support is below at the 10-dma of $131.88. Conservative traders may want to wait for the surge through $140 on strong volume before entering, but the return of volume may not be necessary for this uptrend to continue." Disclosure: I have the SEBL June 135 calls.