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Technology Stocks : Lycos -- Ignore unavailable to you. Want to Upgrade?

To: DAY TRADER who wrote (2147)	5/25/1999 4:33:00 PM
From: Apakhabar	Read Replies (1) \| Respond to of 2439

Pretty strong sell-off at the close. Doubtful LCOS hits 115 by the week-end because it doesn't become part of the Nasdaq 100 until Friday. Overall trend for techs and nets is down right now because of the belief (IMO) that interest rates are going up. I think now is a good time to be cautious and to trade LCOS intraday as opposed to buying and holding. It's quite possible that the price will test support on the mid-80s. If it does, that is a good entry point for the long-term (by that I mean, for LCOS, several weeks to several months). As for the June calls, I assume you're planning to sell them before expiration. What did you buy them for? Good luck to all.