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.

Politics : Idea Of The Day -- Ignore unavailable to you. Want to Upgrade?

To: Know Genius who wrote (25334)	4/15/1999 10:20:00 AM
From: IQBAL LATIF	Read Replies (2) \| Respond to of 50167

EMC might open 10 $ lower and DOT next support is at 840..The pits think that we can see 1322 but looking at DOW moving higher one can only say that it may be worth a shot to go long on some of these stocks like EGRP yesterday at 113 today opened at 102 or SCH at 135 opened at 122$, INKT VRIO and others have also moved down quite a bit, good level to add calls if you believe in support of 640, the move of DOT orginated from 550 level and went up all the way to 820, now it has retraced nearly the entire move, the calls which I placed yesterday on INKT are now available at half the premium had it not been for the NDX 2340 sell I would have lost the prem, but I would not recommend selling of call now rather I would like to make some selective buying in calls like AOL SCH VRIO INKT EGRP, it is always good to buy outside the money calls, when one sell calls he is hit badly by margins in rsing market and similarly with puts the numbersof puts should not exceed the capacity to pick up the stock at lows, in outside them oney calls the only money you loose is your prem. So wait for 640 support if it holds, we may see a bounce up..to 680 area..