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Non-Tech : Invest / LTD -- Ignore unavailable to you. Want to Upgrade?

To: SJS who wrote (2630)	9/7/1998 10:05:00 PM
From: Thean	Read Replies (1) \| Respond to of 14427

Steve, I have posted earlier on the technical observation of selected OS stocks breaking their resistence trendline of the past 3 months. The key to watch is whether they will bounce back from their upper BB's or continue on to surf the upper BB's. If the latter happens, the near term trend appears pretty solid to me and we should find this out in 2-3 sessions I think. However, I'm willing to take a shot and take up some positions tomorrow and see how they do for the next few days. A more conservative way to play them is to buy out-of-money leaps (at least till Mar 99) still dirt cheap here. An even more conservative way to play them is to buy the stock long and buy near out-of-money covered call immediately for a two week trade. If the stock closes below strike, one can decide if one wants to sell the stocks at that time (the trend should be clearer at that point). On the other hand, if this thing runs like a freigh train like it used to be, one can buy more stocks or even buy calls next week.