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

To: Jerry Olson who wrote (31898)	12/24/1997 9:13:00 AM
From: Kevin	Read Replies (1) \| Respond to of 58727

For anyone who thinks the market is oversold and will move higher, I'd say MSFT is ripe for the pickens (don't forget I think we're heading lower). Looking at my 'buying on weakness charts' (tables which show stocks that are knocked down with positive MF divergences), I see that MSFT is a top candidate for a jump...possibly back over $145 in the next several weeks. The only way I'd play this is IF I thought the market was moving higher. Anyone who has ever followed my posts should know how badly you can get burned by going against the trend. On the other hand, for those who believe the market will head south my tables indicate that LLY & TYC are good candidates. LLY could test $60 and TYC should test $40 and take a trip down to the 200 DMA (36 7/16). See ya!