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Strategies & Market Trends : Asia Forum -- Ignore unavailable to you. Want to Upgrade?

To: Otimer who wrote (4064)	6/1/1998 8:25:00 AM
From: Zeev Hed	Respond to of 9980

Otimer, these are mostly hedged (like MRK with July 100 covered calls written against, similar situation with BA), or special situations. Furthermore, I am not so sure we are going down to that 8300 here, I expect this weakness to abate here and within two three weeks to have another attempt at new highs. Last, even if we go to 8300 within the next two weeks, this is not much of a correction. I expect MRK to hold above 110, for instance, or BA to hold within two three bucks of the current price. Zeev