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Technology Stocks : S3 (A LONGER TERM PERSPECTIVE) -- Ignore unavailable to you. Want to Upgrade?

To: Rob C. who wrote (7083)	10/31/1997 2:28:00 PM
From: bob yahnke	Read Replies (1) \| Respond to of 14577

Rob, I'm short the jan. 10's at 3 3/8 and the apr. 10's at 2 3/4. So, if they want my stock at 10 thats fine with me. However I'm looking to buy them back if we retest 8. Don't forget tax loss selling on S3. That might be our last chance to pick up some cheap stock. You're right that Hong Kong was overblown the other day. I was in there buying Hong Kong Telecom at 16 and shorting the nov. 17 1/2 puts at 2 3/16. Profited nicely. And yes the institutions are buying but not like before. We need follow threw buying when we get over 7500 or 7600 on the dow to make this rally real.