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


To: Tom Trader who wrote (31428)12/17/1997 5:15:00 PM
From: W. Clinton Terry  Read Replies (1) | Respond to of 58727
 
Tom:

Has your technical assessment of JBIL changed now that it has shown positive earnings? I bought a few puts (March) this morning on the gap up but have been having some second thoughts after watching its performance for the day. Its 50 day ma is on a downtrend, and it appears that the 200 day ma is also starting to develop a downtrend. The RS is also descending and the stock closed at or slightly below its 200 day moving average. I would appreciate your opinion on this so that I can add it to the confused hopper of my thinking.

Clinton