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

To: Patrick Slevin who wrote (40605)	4/21/1998 2:49:00 PM
From: j g cordes	Read Replies (2) \| Respond to of 58727

Ouch, I don't like getting whacked on a new position.. off .5/ If IBM were flat, wouldn't the Dow average be down right now? Forgot what the % contribution is.

To: Patrick Slevin who wrote (40605)	4/21/1998 2:56:00 PM
From: Dwight E. Karlsen	Read Replies (1) \| Respond to of 58727

A napalm party would be great :-). Unless we have a strong late day rally, then I couldn't be more pleased with where I bought the May 570s. MZHQN shows "day's low" at 13-7/8, and I got 2 at that price, and 1 at 14-1/8. It's been awhile since I've seen slow stochastics on the SPX this over-bought. the MSH index slow stochastic is up around 95, and that was as of yesterday! It's all just so insane. IBM reports a so-so report, not that great at all, and shares are up 4-5 pts. As for MSFT, if I was Bill Gates I'd have been unloading a bunch the last couple days. If Plonk's new prediction of "1190" on the June S&P futures comes true, then we're going to be virtually guaranteed a BK this Summer at latest. Even at these lofty levels, it looks to me like Summer is going to hot, dry, and very painful to a lot of people.