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

To: Hans who wrote (27847)	11/5/1997 12:08:00 PM
From: Jerry Olson	Read Replies (1) \| Respond to of 58727

Hans KLIC looks to go to 40 fast, you might take profits there...Then buy on any retracement... My calculations, ahem!! are as follows.. KLIC topped out at about 57-58 intra day... It Bottomed out at 22-23.. so thats about 35 points total... If we take a 50% retracement then we add 17 points to 22-23 and get an easy 40... Now having said that, remember, the sector is really beat up a lot.. I think the Funds Mgrs and institution guys might buy in here because the stocks are very cheap, relative to the other overvalued sectors.. JMO.... With Jan small and mid cap effect KLIC could see 45 by then...I'd be buying Jan calls for the run up to that area...This is buy and hold... I am ONE happy camper, let me tell you.. This trade will get me back ALL my recent losses and make a nice profit too... :>} Good Luck guy, Jerry