Texas Instruments - Good buy now or should we wait? Message Board

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Technology Stocks : Texas Instruments - Good buy now or should we wait?

TXN 189.12

-2.3%

3:59 PM EST

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To: Ally who wrote (5584)	3/30/2001 3:25:54 PM
From: Jacob Snyder	Read Replies (2) of 6180

Just bought calls (2003 30s, @10.8). SOX is sinking into the close, my limit order cleared as TXN sunk below 30.5. My current plan is to sell half the calls when TXN hits 37, and keep the other half. If we get a January-type bear rally, TXN may reach 50 in the next 1-2 months. I have no stop-loss for these calls. If we go lower, I'll just hold them, wait till a new support level forms, and buy more. For the time being, I'm just going to be playing the upside. I'm worried that we are due for a bounce, a rebound from oversold conditions, and I don't want to be short at the moment. If the SOX goes up to 700, I'll be shorting again.

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