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Technology Stocks : IBM -- Ignore unavailable to you. Want to Upgrade?

To: Kevin Ose who wrote (4634)	2/3/1999 12:53:00 PM
From: Jason Hall	Respond to of 8218

If it makes you feel any better, I sold my IBM Mar 170 puts today and bought some Mar 180 calls. I sold .75 too soon, but the stock is coming back already, as is the general market. I calculated support around 173.773, just so you know. If it breaks that by more than a point...be afraid, be very afraid. <!--I just don't get it at all !!! It is down 12+ % in only about 2 weeks, and with ALL the positives.... !!! Don't investors have a clue here ?? I would think that it would, at least, hold its head at what ever support level it could find, +/- 2 pts. or so.>