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

To: Bart who wrote (29423)	11/24/1997 11:36:00 PM
From: j g cordes	Read Replies (1) \| Respond to of 58727

Bart.. ASND, TXN, and AMAT without putting on a trader's hat. We've obviously sold off substantially from the highs, yet areas of the world give buying these stocks now some pause. Your question has no time element to it also, a one week, one year trade? Consider we are near the end of November with Thanksgiving usually strong going into December which is usually flat to down compounded by Asian uncertainties. If we hold the recent lows (AMAT 30, TXN 92, ASND 23) on this current selldown (into December 10th-12th), then I would have good confidence buying into the new year expecting a good rally. By then some of these other problems might have some signs of resolution. Indeed taking positions several %age points above these prices would be a place to initiate longs. Right now its a trading market, not the kind for simple stochastics and bollingers which we had through the last two years... there's a different level of market rocking forces out there and can easily work its way into our markets more significantly. We could also tip toe past the graveyard on this one... if you're relying on trading for mortgage payments, then play lightly, for quick sure profits. Just my opinion. Jim