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.

Technology Stocks : Apple Inc. -- Ignore unavailable to you. Want to Upgrade?

To: RX4PROFIT who wrote (15362)	7/13/1998 7:51:00 PM
From: Phillip C. Lee	Read Replies (1) \| Respond to of 213182

Dennis, Based on Soup's previous post about large number of contracts bought at July $35, first, I personally believe sombody with short position is playing the hedge game here. Second, at rather high close price of $13/16 for July $35 calls, it seems most of options players believe it'll break $35 tomorrow or Wednesday prior to the report. Third, the calls options volume was not big enough to become a resistant point, which also indicates $35 barrier is rather weak if today's heavy volume continues and the daily trading volume is likely to increase as the report draws closer. Fourth, from technical charts, it seems that there is no technical barrier until around $38-$40. Fifth, overall technical stocks will be getting higher as we also are watching tomorrow's Intel report after hours and Compact's report on Wednesday prior to the opening bell. All in all, personally I don't feel any significant resistance at $35. However, if any, it may be caused by other factors, such as overall tech stocks pullback due to bad reports by Intel or Compaq. Phil