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Strategies & Market Trends : Zeev's Turnips - No Politics
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To: LTK007 who wrote (2598)11/1/2001 5:41:21 PM
From: Steve Lee  Read Replies (2) of 99280
 
Then you are effectively suggesting a straddle. I would only do that if I expected a reasonable probability of considerable upside.

NDX has an upper trendline which has held for over a year. If that breaks, I will take my losses. Strike prices are around current levels so with expiry several months out in most cases, the options will lose less on an up move than they will gain on an equivalent down move.

KKD and WEBX are held up by air. Both appear to have made distributory tops. WEBX is most risky one of my put picks so is the smallest posn. QQQ and TXN have made nice up moves recently on unfounded optimism IMO.

MU has also had a large bounce from recent lows and cannot make its expected numbers unless it is secretly selling heroin. Reality will set in as it is now back to the forward P/S ratio it had before its drop from the 40's a few weeks ago.

LLTC, like TXN has obeyed the 12 mth plus downtrend upper channel boundary, and is near the top of it.

TXN has a forward PE of about 200 and a PS of about 8-10
KKD has a PE of about 100
MU has a forward P/S of 8.5 and is unlikely to have a P/E for the next 18 mths, (if ever - vbg).
LLTC has a P/S in the 20's
WEBX is a hype company IMO
QQQ has a forward P/E of 60

I have researched the figs above but this post is off the top of my head so apologies for inaccuracies, but I believe the numbers to be correct as stated.
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