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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank -- Ignore unavailable to you. Want to Upgrade?

To: John NY who wrote (23515)	1/29/1999 8:10:00 AM
From: kendall harmon	Respond to of 120523

More reason to expect an HMK bounce: Friday January 29, 12:51 am Eastern Time U.S. OPTIONS/HA-LO calls well bid as stock slides CHICAGO, Jan 28 (Reuters) - HA-LO Industries Inc. (NYSE:HMK - news) options drew above average volume in the calls as the stock lost about a third of its value after CS First Boston cut its rating on the stock, earnings estimates for 1998 and 1999 and 12-month share price target. The stock was down 13-3/8 to 22-1/16 in late trading. Implied volatility for the February 25 calls rose to around 98 percent, up sharply from last month's range between 43 and 55 percent. ''It looks like there are a lot of call buyers looking for the stock to bounce,'' an options trader said, noting that the calls were priced higher than the puts.