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Technology Stocks : American Power Conversion -- Ignore unavailable to you. Want to Upgrade?


To: Woody_Nickels who wrote (1867)12/12/1997 10:18:00 PM
From: Chuck  Read Replies (1) | Respond to of 2574
 
From the TA side, my indicators showed near term high and I elected to close out my long position at $32.5 (entered at $22 about 5 months ago). Stock still has good long term outlook from my perspective, but I follow my TA rules so I will look for another trading position.

Good luck.
Chuck



To: Woody_Nickels who wrote (1867)12/17/1997 10:42:00 AM
From: Greg Higgins  Respond to of 2574
 
Ken Jordan writes: It's been a rough week for everyone.

Has anyone given any thought to the possibility that this market action might be marketmakers trying to ensure that the stock closes on Friday at exactly 25 there by canceling out a huge number of calls, and most of the puts on this stock? Calls (25/30/35) outnumber puts 7 to 1.