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

To: Kevin who wrote (29867)	12/2/1997 8:56:00 AM
From: ViperChick Secret Agent 006.9	Read Replies (1) \| Respond to of 58727

Kevin no i dont remember you mentioning DMA...David is rubbing off on me and i am finding the more info i accumulate the worse it is getting....and today i have had virtually no sleep and that makes my memory even worse. What is your theory as to the resistance of strike prices...that would seem to indicate your thinking that options are a factor in the movement of the price...whether it is manipulative or just simply the effect...mmmm....similiar to something Jim posted eons ago about the effect of options expiration on stock...basically a "natural" effect.

To: Kevin who wrote (29867)	12/2/1997 9:39:00 AM
From: j g cordes	Respond to of 58727

Kevin, I had a near term high target for IBM of 115. This is only a chart projection. Yesterday's bullish action was exhuberant, to borrow a phrase, suggesting there is a vacuum under IBM's breakout which needs to be tested and backfilled to hold chart support at 105-106 area. I personally don't believe Gerstner's staying on is worth the added premium we've experienced, though I'd be the first to say he's a stockholder's CEO with his shooting eye focused on increasing stock price. I'd be aiming for a nuetral to buying a few puts from here through expiration. FWIW Jim