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Strategies & Market Trends : Tech Stock Options

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To: Tom Trader who wrote (14806)7/10/1997 2:05:00 AM
From: Michael Rich   of 58727
 
Hi Tom,

EPC is at the lowest since 6/17. I watch program selling
very closely. It seems like a 2 o'clock event everyday.
How was the future volume during the selloff? The cash
market selloff was pretty cosmetic and the NAZ volume
actually zoomed during the recovery. Remember I asked
Judy when money will return to NAZ?

On taking long positions, I feel stocks may be safer bets
than futures now. Good stocks with heavy institutional
backing will fly if indices break to the upside, but will
not drop like a rock if markets tank. Look at CPQ and AMD.
Now let me give my pick of the month: BAY. If you feel CPQ
is awesom, you ain't see nothing yet if you trust my
MF read on BAY (sorry for the hype). IMO, It has the best MF
inflow among nets and telecoms, two sectors money managers
feel still extremely cheap if growth picture is as good as
expected (20%-30%). Jerry, yes, CShad very good block inflow
today. Another sector worth watching is biotech. Very lagging.
It got some upgrades last few days, yet, hardly moved.

Talk to you tomorrow.
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