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Technology Stocks : Semi Equipment Analysis

SOXX 303.84

+1.3%

Dec 22 4:00 PM EST

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To: Kirk © who wrote (11443)	9/4/2003 3:19:56 PM
From: SpecialK	of 95626

Gottfried, "few things have been more frustrating for me than watching a stock on which I had sold Jan'04 oom calls rise above strike and see the call premium double. Too expensive to buy the calls back, so I'm stuck and the money in the stock is tied up till Jan'04. This is a better strategy in a falling market." I'm not so sure I want my equity going lower in a falling market, just to try and make up for it with CC. It's never enough for the losses incurred.

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