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Strategies & Market Trends : Tech Stock Options -- Ignore unavailable to you. Want to Upgrade?


To: Tom Trader who wrote (26870)10/24/1997 12:27:00 PM
From: Carlyle  Respond to of 58727
 
Well said TT...

Carlyle



To: Tom Trader who wrote (26870)10/24/1997 12:57:00 PM
From: Kevin  Read Replies (3) | Respond to of 58727
 
Tom. Couldn't agree with you more.
I went through the DOW members stock-by-stock looking for a good blue chip to put some money into longer term calls. Came up with T. T is up on this terrible day and has nice block buying. In times like this, I feel money will go from the speculative stocks back to the quality stocks and T looks like one of the best opps I can find.
Bought some Apr 50 calls @ $4.

It's just a thought.

Kevin

BTW, if my system keeps generating signals like it has, I may be ready to share it with you in a week or two. My index trades are the only thing making me money the last couple days (excpet AMAT puts that I closed too early).



To: Tom Trader who wrote (26870)10/26/1997 12:58:00 PM
From: Joel Brussell  Respond to of 58727
 
Hello Tom:

I don't think any meaningful bottom can ocur before people at least question the buy on dips mentality. This may mean some at least intra-day breaks of support levels.
Noticing on many charts 9 day RSI is getting below 20 i.e Semi's
this should mean a good trade on the long side is coming as soon as there's any sideways movment or inside days.
Weekly charts are just rolling over suggesting to me rallies are opportunities to sell and get short.
McCellan oscillator showing possible double bottom. We should watch breath closely in the next few days.