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


To: ViperChick Secret Agent 006.9 who wrote (33105)1/14/1998 9:49:00 AM
From: Kevin  Respond to of 58727
 
>>>have you used the formula on anything else today...like the DOW or the OEX <<<

No. I just do the SPX & SPH8 on a daily basis. Once in awhile I'll do other indices like OSX, DOW, OEX, SOX, etc. if I see others talking about buy and sell signals or supports and resistances.

I decided to take a chance on INTC at its current level for several reasons:
#1 what I posted earlier this morning to Muizz (I truely think there was no positive surprise to that report)
#2 The stocks has consistently stalled under its 20-day Bollinger Band (exactly where it is now).
#3 Despite trading higher in after hours yesterday and prior to the open this morning, the stock opened lower this morning. looks like nobody on the street thinks the report was positive either.

I shorted Feb 75 calls @ 4 3/8.

Ahem....ELECTRIC, are you watching???

Kevin



To: ViperChick Secret Agent 006.9 who wrote (33105)1/14/1998 9:54:00 AM
From: Kevin  Read Replies (1) | Respond to of 58727
 
Lisa the 3-7 day bear trend that was triggered at the open on Jan 7th is over effective this morning (as long as there is not a mjor selloff today). A positive close should confirm a bull trend now. Will be able to confirm tomorrow morning.

Kevin