Genetech Puts Remain Fairly Priced

  • February 1, 2001
  • Dave Landry

The nearby in-the-money and slightly out-of-the money puts on Genentech
(
DNA |
Quote |
Chart |
News |
PowerRating) remain fairly priced.

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Telecom
(
$XTC.X |
Quote |
Chart |
News |
PowerRating) appears to be holding
up fairly well after making a high-level “V” bottom. This action
suggests that its uptrend from major lows remains intact.

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Software
(
$GSO.X |
Quote |
Chart |
News |
PowerRating) appears to be finding
support (a) after a two-step pullback. This action also suggests that its
uptrend from major lows remains intact. Look for buying opportunities in call
and call spreads here.

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Best of
luck with your trading on Friday!

P.S. Reminder:
Protective stops on every trade!

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