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


To: ViperChick Secret Agent 006.9 who wrote (50172)8/18/1998 4:20:00 PM
From: Stoctrash  Read Replies (1) | Respond to of 58727
 
Got long. P*stop says so.
TT would be proud of me...I think??
1/2 the SPX and 1/2 the NDX via Rydex.

Even a slight negative close today would have gotten it long.

"Good thing Bill bought calls to go with his blue balls."
LOL



To: ViperChick Secret Agent 006.9 who wrote (50172)8/18/1998 4:58:00 PM
From: joe smith  Respond to of 58727
 
lisa,

i think 276 is the key to the sox. it has acted as a top twice. if the market holds up and we break thru that level, then i believe the market will take it back to 300 range. in light of the fundamentals in that group i cant see it happening. but, then again this market has defied gravity many times. the key drivers of the index are fully valued or beyond already. the coming days will be interesting as always. i am looking at puts on failure at 276 personally. i already shorted mu ( a bit prematurely i might add).

js