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

To: donald sew who wrote (38333)	4/6/1998 10:57:00 AM
From: Patrick Slevin	Read Replies (1) \| Respond to of 58727

Yes, I'm already to the good over 500 basis points on the balance. But there is a bit of support here. Perhaps a little bounce and then a ride, I'm hoping. If not, probably cover and retrench. It's starting to look like a good day to buy puts on the rallies.

To: donald sew who wrote (38333)	4/6/1998 10:57:00 AM
From: Jerry Olson	Read Replies (2) \| Respond to of 58727

HI Don FWIW IMO, if the DOW does NOT hold 9000 today, that would signal a major selloff coming IMO...I have seen this type of action before many many times... The market bangs up against a certain number 3-4-5 times like last Mar- Apr, and then tanks...But remember AG triggered THAT selloff.. This one would be brief and simply profit taking, nothing more... Not much profit in this downside move to make... Lets keep an eye on the close of trading today...I just posted that I tightened up ALL my stops on ALL my option positions... Later