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 (491)	5/19/2000 8:41:00 AM
From: Poet	Read Replies (2) \| Respond to of 10876

Here's an update on the SEBL call play I posted from the Option Investor newsletter the other day: "SEBL $130.13 -7.69 (+1.13) Uh oh. Looks like that Tuesday breakout turned into a Thursday breakdown. Hopefully, you protected those profits with stop orders. First the good news. SEBL held support and bounced at $134-$135 for most of the last two trading days where we thought it would. The bad news is that it broke down through $134 late in afternoon trading on heavy intraday volume, which makes tomorrow's opening prospects pretty ugly. The only saving grace was that it closed right at support of $130 (its former breakout point) and the daily volume was about half the ADV indicating few overall sellers. Going forward, we need to see SEBL hold this level. Barring any sentiment change by tomorrow morning, we may see a dip below $130 to perhaps support of $127 to $128 during amateur hour. If it drops below that, we suggest passing it up in favor of another play. Any bounce though, coupled with a spike in volume and a cooperative market may be a buying opportunity. More conservative? Wait for a move back over $130 before opening any new positions." It seems that some options "experts" who are reading our thread believe that Option Investor might be "touting" SEBL. This is obviously untrue. Perhaps the "experts" should invest in a subscription to the OIN (learning their correct name first may be helpful) and take their criticism to the source, rather than sniping. Gosh I'm glad this thread is moderated.