Will Peregrine Calls Fly?

  • February 5, 2001
  • Dave Landry

For those looking for a way to play Peregrine Systems
(
PRGN |
Quote |
Chart |
News |
PowerRating), mentioned in my stock trading outlook, the in-the-money and
at-the-money calls appear to be fairly priced.

The banks
(
$BKX.X |
Quote |
Chart |
News |
PowerRating), mentioned recently,
still look like they have the potential to rally out of a high level cup and handle. Look for buying
opportunities in calls and call spreads here.

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Broker/dealer
(
$XBD.X |
Quote |
Chart |
News |
PowerRating) appears to be
finding support near its recent lows (a). This action suggests that its choppy
uptrend remains intact. Look for buying opportunities in call
and call spreads here.

src=”https://tradingmarkets.com/media/images/Landry2/xbd020501.gif” width=”470″ height=”320″>

Software
(
$GSO.X |
Quote |
Chart |
News |
PowerRating) reversed after selling off earlier in the day. This suggests
that it has the potential to rally out of a pullback. Look for buying
opportunities in calls and call spreads here.

Best of
luck with your trading on Tuesday!

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

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