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Technology Stocks : VeriSign (VRSN)
VRSN 250.60-0.4%Jan 23 9:30 AM EST
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To: Jerry Salem who wrote (650)8/5/1999 6:52:00 PM
From: Patriarch  Read Replies (2) of 1285
 
Hi Jerry,

In today's environment, I would be hesitant to even write calls. I think the next several weeks until 4Q99 arrives will be pretty uncertain, hence I will sit on my hands.

I remember an SI'er posting a Goldman Sachs report which opines that Greenspan will raise rates at least 25bp in the near future. The next two FOMC meetings are August 24th and October 5th.

IMO, a 25bp raise is already priced in the market. I can't see Greenspan raising this month and October, right now, is 50/50. If a raise doesn't materialize at all by October 5, we're in the money-literally ;)

Any thoughts?
Pat
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