Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Tom Trader who wrote (40803)	4/22/1998 1:21:00 PM
From: Patrick Slevin	Read Replies (1) \| Respond to of 58727

My early guess was 1130...I raised it only because of the action predominating on the high side of the 1130s. It almost seems as if people are very concerned about everything...bonds, the buck, the Nikkei....so concerned the market is not allowed to have a normal easing off. So I think the anxiety factor will contribute to a sharp move down as the low end of the 1130 range is approached (if it is approached.) If you look at an intraday chart from yesterday, once 1132 was hit on the slide down from the early highs it hesitated for a few minutes and then went straight to 1128. Personally, breaking like that again I would expect 1120 this time. A break there would see 1105. But of course, this is just idle speculation.