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Technology Stocks : IFMX - Investment Discussion -- Ignore unavailable to you. Want to Upgrade?

To: Lizzie Tudor who wrote (10620)5/1/1998 11:19:00 AM
From: @jim  Read Replies (1) | Respond to of 14631
 
>>>there should be at least a 1 point pop to 11...

I agree. There was a lot of good news "feeling" build into the rise to 10, and just like before there is a quick sell-off for profits.

The more serious longs are not going anywhere. The buyers are waiting for the dust to settle. A this point I think we are in a short -term dip below a platform of 10. I'll be real surprised if we stay in the 9s.

Remember it's a friday. An old timer once told me, never trade on a friday. ( Of course if we had hit 15 I would have broken that rule without a second thought.)

@jim



To: Lizzie Tudor who wrote (10620)5/1/1998 2:58:00 PM
From: Robert Graham  Read Replies (1) | Respond to of 14631
 
If my order for CALLs to cover my short position would transact today, I will be ready to write another round of CALLs when this happens. Volatility is the way to go here for both CC writing and trading long options, as long as you can have it work to your advantage. Timing is critical here.

Bob Graham


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