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Strategies & Market Trends : Point and Figure Charting -- Ignore unavailable to you. Want to Upgrade?


To: mph who wrote (14841)3/3/1999 8:35:00 AM
From: james ball  Read Replies (1) | Respond to of 34824
 
Well Ms.Mph HDI looks very good on a technical basis. My only porblem with new positions is that statistically it is 100% overbought at $60. That would be 3 standard deviations above trend. If I were long the stock and had ridden it up, I might consider selling a near term 60 call against the position. Otherwise I might consider buying an in the money call on a 3 or 4 box reversal. Tom