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

To: Gersh Avery who wrote (38587)4/7/1998 11:15:00 PM
From: ViperChick Secret Agent 006.9  Read Replies (2) | Respond to of 58727
 
I was complaining about this pat answer everyone uses about

"its just good old fashion profit taking"

like how do you know they have a profit....

how do you know its just not people getting out while the getting is good

and maybe they will get back in later or maybe not

and someone made this post back to me

I thought you could relate
Message 3990088



To: Gersh Avery who wrote (38587)4/7/1998 11:19:00 PM
From: donald sew  Read Replies (1) | Respond to of 58727
 
Gersh,

Firstly, INTC may not pop that much and INTC has a strong support line around 70, so not a whole lot of downside if playing PUTs.

But if this pulback is larger than I expect, say 500-600 points on the DOW, then INTC is going lower.

Seeyya.


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