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


To: Bart who wrote (36486)3/10/1998 1:57:00 PM
From: Nemer  Read Replies (1) | Respond to of 58727
 
BadManBart:

The SPX has gone into a range narrowing pattern since 1:15EST and is due to break out very shortly..

As it's above my pivot point of 1058.50, the move should be up.

with this diverging market, I don't know which , if any of the others will follow it up, nor for that matter, if the SPX itself will go up.......gggg

still, that's what I'm calling.

Regards----Nemer



To: Bart who wrote (36486)3/10/1998 3:01:00 PM
From: Electric  Read Replies (1) | Respond to of 58727
 
Bart,

I see things the same way that you do, things arent hot for these stocks, but I am saying that the valuation has already been hit from the last while. They have been hit already and dont have alot of room to go down, 7 points is alot on AMAT, but it isnt like the 20 or 50 (TXN) that some did for similar reasons last year. So tighter drops means one has to be nimble on the short/put side too, buyers are there ready to scoop on dips, since the bottoms are that, real bottoms..

What do you think of AAPL short?? I cannot believe that it keeps moving upwards...

Let see if DELL does its last hour thing today, if so I am outtie with my $$$$$, I bet it will...