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Strategies & Market Trends : Three Amigos Stock Thread -- Ignore unavailable to you. Want to Upgrade?

To: Sergio H who wrote (22922)	12/16/2000 10:03:57 PM
From: Ken W	Respond to of 29382

Sergio: 207.61.23.98 The stock is getting a little overbought at this point. I think I'd let is test the 200dMA. On your EK...If there is a rate cut I would expect the entire market to move up a little. Given Fri.'s moves, at rate cut has not been factored in. It seems that all of the "experts" are divided in theri opinion. Having said that EK could very well retest the 40 to 42 range before continuing the slow sprial down. Looking at the long, long term there is going to be some incredible support on the stock down at 30, 31.. So, I'd wait to buy the puts again when the stock moves back up..I think you would get more bang for the buck. Ken