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

To: Electric who wrote (33748)	1/21/1998 9:40:00 AM
From: ViperChick Secret Agent 006.9	Read Replies (1) \| Respond to of 58727

E I have to be more conservative than you and Kevin so I probably wont step in..since MSFT comes out today and I think it is possible to go below that channel...of course time and time again we see overreaction with a snap back... so it makes sense to play it...I just cant... also, we have a big gap down..(and IBM is not open yet) especially on the futures..so the tendency there is to snap back as well from that...except maybe not on an earnings day of two NYSE stocks that are downgraded...and a market that looked oversold..at least to my eyeball... Dont know where kevin is...he doesnt keep me informed anymore of his whereabouts ..even though I ask, of course;-) IBM --UPDATE-- 108 3/8: Lehman Brothers downgrades from "outperform" to "neutral" following earnings report after the close yesterday... IBM --UPDATE-- 108 3/8: DLJ downgrades from "buy" to "market perform" following earnings report after the close yesterday... Texas Instruments (TXN) 46 1/4: Reports 4Q diluted earnings of $0.55 a share, 4 cents short of Zacks and First Call estimates, but up from year ago $0.25 a share on revenue decline of 1.3%... Compaq (CPQ) 29 3/4: Reports 4Q diluted earnings of $0.84 a share, in line with the Zacks estimate (diluted) but a penny above First Call, and up from year ago $0.63 on revenue gain of 22.6%...