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


To: Brister who wrote (42101)5/4/1998 10:35:00 AM
From: Kevin  Read Replies (1) | Respond to of 58727
 
Hi Brister, how have you been (and the family)?

>>> How about one of your famous cpq calls! <<<

CPQ has a negative divergence, though small, pointing to a test of $28 with a chance for the low 26s. There's some nice buying today, but I'm neutral / slightly negative based strictly on MF.

T is looking really good based on MF...might make a new high in the upper 60s soon (2-3 weeks).

CCI is another that may test its high in a couple of weeks.

So far so good with the SPX <<<g>>>. If we rise another 5 points and then stall (I expect a stall around 1135-1136 today...possible ceiling if we get there) I'll close my small SPX position and possibly play one of the above that I mentioned.

Take care.