Tech Once Again Vulnerable

• April 9, 2001
• Dave Landry

Once again, technology in general looks poised
to challenge its old lows. This includes computer technology
(
$XCI.X |
Quote |
Chart |
News |
PowerRating),
telecommunications
(
$XTC.X |
Quote |
Chart |
News |
PowerRating), software
(
$GSO.X |
Quote |
Chart |
News |
PowerRating) and Internet
(
$IIX.X |
Quote |
Chart |
News |
PowerRating).
Look for buying opportunities in
puts and put spreads here but use caution in the last two mentioned as they are
the most oversold longer-term.

Oil service
(
$OSX.X |
Quote |
Chart |
News |
PowerRating), mentioned
recently, still looks vulnerable. Continue to look for buying opportunities in puts and
put spreads here.

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Broker/dealer
(
$XBD.X |
Quote |
Chart |
News |
PowerRating), mentioned
recently, also remains vulnerable. Continue to look for buying opportunities in
puts and put spreads here.

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Best of
luck with your trading on Tuesday!

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

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