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Non-Tech : Invest / LTD -- Ignore unavailable to you. Want to Upgrade?


To: SJS who wrote (8264)4/19/1999 8:28:00 PM
From: Thean  Read Replies (3) | Respond to of 14427
 
With this big tech selloff likely to continue further, the followings are some supports that I pulled off from looking at IQC charts. Keep these numbers in mind. Very likely the stocks will get a bounce when they hit those support levels. Whether that would just be a dead cat bounce or a real inflection there is no way to know until after the fact.

EMC - 96
DELL - 30 1/2-31
MSFT - 73-74
CSCO - 93-95
INTC - 53-55

I bought May 30 WFT put towards the end of the day and am prepared to lose it all (especially if I were to hold on till expiration). But I think a retracement anytime within the next month can fetch me a 200% return. Don't try this at home!