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


To: dave g who wrote (2886)4/21/1998 9:50:00 PM
From: Fred Fraschetti  Respond to of 8218
 
Last week I was scanning my 400 charts or so on Telechart
2000 looking for some interesting chart pattern...

and up comes IBM... basing and under accumulation for 9 months...
looks very interesting.... I hear their earnings are coming
out and buy a call option at 110 ... cost 3.5 yesterday...

Sold at 6.25 and I believe it closed at 9 or so....

Anyway... the point being don't go against this chart pattern
the technicals support a continued rally... If I had any
guts I would have held for a week or so... but i like to
lock in profits with options!!!