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To: SJS who wrote (8366)4/26/1999 12:57:00 PM
From: Thean  Read Replies (2) | Respond to of 14427
 
Some of the big techs are having some trouble clearing thier all time high resistence - in particular CSCO at 118-119; WCOM at 93-94. However, if they clear these marks, another 10% will be easy. EMC did not participate as much last week so they may have a way to go yet.

Sand, SEBL cleared its resistence at 39 today and I think with its continuing strength as well as others in the same sector, they may have a way to go yet. MERQ is still a relative laggard. Already sold May 30 call on it however.

Drillers - I am looking to close my WFT put soon. $27 is a support. If oil does not sink further, I think we shall round off a short term bottom and they will give it another spike. If CAM gets to $30 or below this week, I will buy a 30 call.