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


To: j g cordes who wrote (44201)6/1/1998 10:40:00 AM
From: Patrick Slevin  Read Replies (1) | Respond to of 58727
 
EGHT

I guess it's all in how you look at it. The chart has the recent high a few months ago at 16....at least mine does. I don't have data before September.

I see it has been cruisin' around it's current 6 buck level for months with an odd spike on May 14 to almost 9 bucks. I guess I would agree on the support in it's general present area but upside R looks like the low 7 dollar range.

Personally, I like to see a stock gaining upside momentum before I take interest. This stock could not have options, could it?

If the market does significantly weaken, would you not think that companies in the tech environ (I guess 8x8 would qualify) will underperform the broad market?