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

To: Darth Trader who wrote (34485)1/30/1998 11:30:00 AM
From: donald sew  Respond to of 58727
 
Darth,

You are correct that we are seeing strength for the longer-term, especially in the NAZ. The first time I saw that, was last Friday when I pulled out my NDX PUTS for a small loss.

There will be a short-term pullback, but in light of the strength that we are seeing, do not believe that the immediate short-term pullback should not be strong at all, unless there is bad news to intensify it.

Im going for every ripple. Will not be staying in my XAL PUTS too long, or I may initiate a strangle if the XAL pulls back 10 points by Monday.

Seeya



To: Darth Trader who wrote (34485)1/30/1998 12:15:00 PM
From: Patrick Slevin  Read Replies (1) | Respond to of 58727
 
Personally I think the strength will be sold into.

At least that's what I did. The last run a few minutes ago saw so much buying I got out near the top of it. I still think it will be higher later today but I'm perfectly happy in cash. Monday is another day.


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