Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Altaba Inc. (formerly Yahoo) -- Ignore unavailable to you. Want to Upgrade?

To: Howard Hoffman who wrote (9080)	4/3/1998 5:03:00 PM
From: Bill Harmond	Read Replies (1) \| Respond to of 27307

>>Head and Shoulders Good call. Like you say, way too early to tell, though. If it does pan out, it is forming over a short period, so I doubt it would have significance to the long-term trend. Could mean a decline into the 60's, though. The long-term support line is around 64 today, so... >>have you bought your put options today? No. I don't feel ready to hedge yet. I think the 120's might be possible, which is the top of the trend channel (line across the January and September, 1997, highs. Three tops would be better, but it's parallel to the long-term support line, so it's credible.) In any event, from my position it would make better sense to sell calls and capture the call premium rather than pay the put premium to someone else.