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Technology Stocks : Semi-Equips - Buy when BLOOD is running in the streets!
LRCX 160.55-4.8%Dec 12 3:59 PM EST

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To: Mr. Sunshine who wrote (9317)1/18/2001 2:17:24 PM
From: SpecialK   of 10921
 
Not to take away attention from semi-equips, but Thanks Steve on the caution of writing naked puts. It's been 3-4 months since I had approvals at Etrade to short sale, write naked puts, etc. I've been just been trying to sit on the sidelines until the volatility/ whipsaws seemed to subside. By the way, I have no way near 100K in the account for naked put writing.

I think Scott was right on, noticing how semi stocks weren't falling to bad news back in December. This was a showing of a bottom. After interest rate cuts, what is the short-term upside? We rally on bad news, do we continue until we hear good news, then selloff?

Notice that ADI warned and is down today, but the chart formation is actually pretty good. Nice reversal, looks like a good entry point at 52.
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