Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: The Perfect Hedge who wrote (54576)	10/1/1998 11:58:00 PM
From: Lee Lichterman III	Read Replies (1) \| Respond to of 58727

That is a tough chart to read as for trying to find the bottom for a targeted exit. Most of the bad news was out a couple days ago. Safe exit Bottom could be 72 or 68 depending on which previous low you want to run your trendline on. Of course this is only my safe exit target. It could tank MUCH farther. Stochastic, RSI and MO MO are all in favor of further price weakness. I will add it to my watch list. I am still looking around for good ideas in case we don't bounce tomorrow but I think we will. Any bounce will be used to re-engage on puts. MU was very good to me this week as was IBM, CSCO and COF. The rest were just scalps since I turned chicken a few too many times. <g> Will let you know if I come across any good picks. Lee