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

To: T.M.K. who wrote (53595)	9/23/1998 9:35:00 AM
From: Lee Lichterman III	Read Replies (3) \| Respond to of 58727

It is a tough call (pardon the pun) as I have the same problem with my favorite long. The stocks them selves are strong and have minimal exposure to world problems yet... This market is by no means healed fundamentally so it could turn on a dime. If G-span says the wrong thing today, we could reverse strongly. On the other hand, if he were to hint at a rate cut, even though I think it would not help things, the market would probably pretend all was rosy again and take off to the upside. DELL was at a resistance point here at 60 and looking at the pre open trades appears will break through. This should provide some weak support for later but as I said the broader market will dictate direction. It all depends on your risk level and I would encourage the use of trailing stop losses. I don't have DELL's chart in front of me but from memory, I think the next resistance level should be around 64. Remember, both Don and I have sell signals for tomorrow. Good Luck Lee