Formerly About Advanced Micro Devices Message Board

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Politics : Formerly About Advanced Micro Devices

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To: niceguy767 who wrote (99493)	3/22/2000 7:40:00 PM
From: eplace	Read Replies (2) of 1580147

niceguy....I think it is more than coincidental that we both purchased our options at the same time the other morning. What did you base your trade on? I was going by the charts that said we had broken out of a short term downward trend. The charts I'm following now show that we could get into an overbought situation in the next few days at 62 to 66, but that would be very short term. I would also guess that by earnings we could be well over 70 maybe even 80 (being a little too optimistic there maybe). It would probably be prudent to just hold and not try to trade these short term swings, though the rich premiums are making these much tougher to play now. Is there a point where you would bail on your April calls? Also does the Taiwan situation figure into any of your thinking? Thanks niceguy Ed P.

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