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Technology Stocks : INTEL TRADER -- Ignore unavailable to you. Want to Upgrade?

To: Berney who wrote (2244)	4/12/1998 11:35:00 AM
From: MonsieurGonzo	Read Replies (2) \| Respond to of 11051

Berney; RE:" IBM, CAT, INTC " ...candles on IBM say down - but earnings over-ride everything this month, and options expiry is this week's Friday, to boot. I've got this paranoid concept that IBM will finish the week at 102-103, about where it was last options expiry; This maximizes the profit for a short straddle, ie., sell CALLs and PUTs (like CBOE does). Chart only the WED/THURS/FRI of options expiry weeks and you get the idea. Conspiracy theories abound, whodunnit ? (^_^) ...CAT just bounced off of her 50d MA, Berney - I'm watching it too. Weekly candlesticks say, "top", daily says, "buy". >IMHO the only way this market can continue up is to have a "normal" sector rotation into tech... I agree with that, and I think it just might happen if INTC does well. The YTK.X deJaeger Year2000 Index is interesting; I'm following KEA and CHRZ in that sector. I'm trading HWP long; strike 65, 120day far-calls. I have a crappy position in CPQ and AAPL too, so go figure! Other stox that popped up on the scanner include: AVT MI XYLN IMR and I'm watching ODSI DIIG SMOD WSTL for some reason. BTW, INTC very bullish; first resistance at ~75, near target is 78-79, then 81-82; downside support is 68-69. Where's IT ? We're ready to rock and roll ! -Steve