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

To: HairBall who wrote (51997)	9/9/1998 9:54:00 PM
From: Lee Lichterman III	Respond to of 58727

Thanks for the read. Yes IBMUE are the 125 puts. I picked up some yesterday as I saw resistance around 125 then bought more today when the puts dropped to 2 1/2. The 123 you mentioned I see on the chart as the top of a 3 day trading range last week that was prior resistance and now serves as support. I am hoping once that breaks, she will freefall. Thanks for the reminder on its weighting. Any break may help fuel its own fire as the way IBM goes so goes the DOW thus feeding the free fall. I originally wanted to short DELL but trying to fight that one in a downward direction is a good way to get bit and the OEX premiums are still too high IMO. I see Nemer has his BBx over on the Futures thread now during the day. Wish I had noticed earlier as I might have been able to get a better entry on the puts yesterday. I guess Favors stated a break of 7883 means selling all longs and awaiting further instructions. Saw it on the Stock attack thread. Sorry I forgot to copy the link. I will see if I can find it and paste it here on an edit. Thanks again Lee <EDIT> Start here then click next to see reply. exchange2000.com