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Strategies & Market Trends : Tech Stock Options

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To: Kevin who wrote (15671)7/17/1997 10:10:00 AM
From: MtnMan   of 58727
 
BOUGHT Shares of KLIC @39.5 expect 3-5pt+ over next 2wks will write Aug45 calls. %sure, are you kidding, OK 75%.

Hey OJ i just bought some shares from someone else on this thread. At least someone has taken TT's (or was it Jim's) advise and taken some of their $$ off the table. By the way OJ, we're ready for that GOOD news now.....

Kevin- GOOD MORNING!! Clear, dry and COOL here today. Looks like you guys are having a heat wave. The heat coupled with you injury (pain) have got to be a big distraction to mkt focus. Anyway, I think you're right about the put stratgies you've been pursuing, but I think you're also right about the trend/friend thing. I mean, I can't believe CPQ is up 11 points since I entered, 33 pts from your great call TWO weeks ago! This is nuts. I keep missing 50% of the move in the stks I'm in, which I attribute to not understanding, not being tuned into the feel (ala lisa and Autumn) of this market. In addition to your better buy list, there should be a watch list for POTENTIAL put buys/shorts because this thing IS going to turn at some point. (TT's in charge of making that call, right?).

For what its worth, your successes and other trades that weren't so successful are a help to all of us. Keep going, you're on track! Keep cool and make some GREAT trades today. -Neal
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