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To: Chucky who wrote (359)1/20/1998 2:30:00 PM
From: 2sigma  Read Replies (1) | Respond to of 754
 
From a TA pov, lltc is setting up a text book elliott wave move to 75-80 within the next 3 months. EW shows this move as classic wave 5. I hope to execute an order at 60-61 before the run to higher ground.



To: Chucky who wrote (359)1/20/1998 2:32:00 PM
From: PuddleGlum  Respond to of 754
 
Chucky-
This move took me by surprise, and yes I do expect a little retracement. I could see myself selling some 65 calls because I expect the Asian crisis to have more of an impact on the current quarter (for most companies) than it did on the last Q.

Steve



To: Chucky who wrote (359)1/20/1998 3:34:00 PM
From: Don Lloyd  Respond to of 754
 
Chucky - <<Has anyone looked at the options action today? Someone seems
to have opened up some decent sized positions today.>>

Except for the deep in the money calls, which are stock replacements, , the majority of action looks like selling of covered calls after an extended runup.

Regards, Don