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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?


To: The Perfect Hedge who wrote (7576)3/5/1999 1:42:00 PM
From: donald sew  Read Replies (2) | Respond to of 99985
 
Beeble,

I dont want to advertise my trades anymore, but since you got SCH puts, I actually got PWJ PUTs when it was at 38.

This sector is topping out, and there should be some sort of a pullback.

SCH does look like it can come down, but you should still be cautious since SCH is on the stronger XBD stocks.

Take a look at PWJ and you will note that its in a downtrend and the PUTs are really cheap. It wont drop alot but it doesnt need to to make some profit. Now if you are looking for the big drop then SCH and MER would fill that boat.

seeya