Tech Remains Vulnerable

  • January 5, 2001
  • Dave Landry

Internet
(
$IIX.X |
Quote |
Chart |
News |
PowerRating),
mentioned Thursday night, appears to be resuming its downtrend and looks poised
to challenge its old lows (a). Continue to look for buying opportunities in puts and put spreads here.

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Software
(
$GSO.X |
Quote |
Chart |
News |
PowerRating) appears to be resuming its downtrend after its recent bounce
from lows. Look for buying opportunities in puts and put spreads here.

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Computer
technology
(
$XCI.X |
Quote |
Chart |
News |
PowerRating), mentioned Thursday night, looks poised to challenge
its old lows. Look for buying opportunities in
puts and put
spreads here.

Major drugs
(
$DRG.X |
Quote |
Chart |
News |
PowerRating) took a breather on Friday from its recent melt down. Looking
ahead, the sector may offer put/put spread buying opportunities early next week. 

Best of
luck with your trading on Monday!

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

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