Semi-Equips - Buy when BLOOD is running in the streets! Message Board

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Technology Stocks : Semi-Equips - Buy when BLOOD is running in the streets!

LRCX 162.25

-1.7%

3:59 PM EST

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To: $Mogul who wrote (9708)	4/14/2001 8:30:02 PM
From: Jacob Snyder	Read Replies (1) of 10921

re: where the SOX goes short/medium term: We are now just below 600 on the SOX. I very much doubt we can take out 750 on the SOX, which is the January top, and also the 200D moving average. The January top was 50% above the previous lows. A similar % move this time, off the 453 low, would bring us to 680. So, if we reach 700, I'll be loaded up on puts on semis and semi-equips, and out of all my long positions, as I think the odds of going much higher than that are slight. So, I bought a 1/3 position yesterday at the close (NVLS puts), and sold my csco calls. Almost sold my txn calls at the close yesterday, probably will sell on monday. I'll add another 1/3 position in puts if the SOX reaches 650, and the final third at 700. Then wait till the stocks retest recent lows. Put candidates: amat at 50 nvls at 48 txn at 36 mu at any price jnpr wherever it opens on monday ntap at 20

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