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


To: George Mc Geary who wrote (32321)1/6/1998 3:01:00 PM
From: donald sew  Read Replies (4) | Respond to of 58727
 
George,

My CLASS 1 BUY signals are not based on price, in fact price is one of the less important variables. I know it sounds strange.

Well I still do not have a CLASS 1 BUY signal on the OSX, that is not to say that won't reverse from here. My technicals show that there is a bit more downside, that is not to say that it will.

Subjectively, feel that this is a good place to start accumulating these calls, however in light of the the huge drop in oil prices, the OSX first needs to de-couple from the fuel price.

When I was in the OSX a few weeks back the Feb 100s had only 5.5 time value now its over 8.