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Strategies & Market Trends : Point and Figure Charting -- Ignore unavailable to you. Want to Upgrade?

To: Judy who wrote (5846)	8/14/1998 6:05:00 PM
From: Jorj X Mckie	Respond to of 34810

Judy, ASND broke through the BSL today. Sounds like it may correspond to the 50-ema that you mentioned. ASND is sitting on a double bottom right now and seems to have good support down to $44. My calls are ITM, but I think that this trade has gone south for me due to time erosion. Not a huge position in ASND, so I will probably just hold til expiry next week and hope for a turn in the market. More invested in TXN but options are further out, so I am not too worried. Have you been playing RMBS up and down? Or just waiting for it to pull down to low 50s and entering (selling puts?) and then buying back higher? Are you still? And a plug for the Kid; didn't even come close to pulling back to support. Today is the day that the 3:2 split applies to stock holdings. So though it won't show up for 1 month, I have 50% more CSCO shares/options. I know that the split doesn't add to the inherent value, but damn it sure feels good! Tom