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To: The Perfect Hedge who wrote (14949)8/25/1998 10:29:00 AM
From: Chris  Respond to of 42787
 
not at the moment. i want to buy other stocks that are closer to support.

watching LU.



To: The Perfect Hedge who wrote (14949)8/25/1998 10:34:00 AM
From: Chris  Respond to of 42787
 
if you recall on 8/19, spx's high is also this high up.. but the close was nasty.

that's why i am so cautious.

====
dow currently at 8681, that is the pink resitance line i have drawn.. it HAS not broken that yet either.

Please be careful all.



To: The Perfect Hedge who wrote (14949)8/25/1998 10:41:00 AM
From: Chris  Read Replies (3) | Respond to of 42787
 
mkt backing down right now.. 1 min charts are all topping.
let's see how far we pullback.

again, i wasn't expecting the rally to start this early.. maybe next week. so i was indeed a little surprised to see the mkt this strong today.



To: The Perfect Hedge who wrote (14949)8/25/1998 2:20:00 PM
From: Electric  Read Replies (1) | Respond to of 42787
 
B,

What you are seeing today on your 115 is premium gobble..

The stock is up about 4, the option up 1 3/4..

What that means is from here out, any level above this we ought to move point for point..

The stock is a pure 6 points over the level at which I bought it, but it is still below the price I got it for.

Remember that if we can move more here we will see more point for point move...