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

To: The Jedi who wrote (34038)	1/25/1998 8:01:00 AM
From: donald sew	Respond to of 58727

Kiri, Per my TA system, the BKX and the XBD are borderline CLASS 1 BUYs, but I will hold off 1-2 days to see how the market settles. The premiums on the BKX and the XBD are heavy, so I also was looking at individual stocks to substitute for the INDEX plays. So far I found WFC to substitute for the BKX and SCH for the XBD. Just like the BKX, WFC is a borderline CLASS 1 with the buy-in day as tomorrow, I will wait though. WFC actually has corrected more than the BKX on a relative basis, and there was a small hint that it may have already started its reversal on a technical basis(not price basis). If the TYX can hold and not go up substantially over the next week, I think the financial sector could be a good play. Seeya