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Technology Stocks : ISSI a great opportunity

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To: JEFF CHAPMAN who wrote (463)	8/13/1997 8:25:00 PM
From: Chuck Williams	of 1058

It takes a man of strong character to post what you did. I honestly expected you a die hard bull and all this action would do is make you mad (and maybe you would take it out on me.) I must admit I do not follow the industry that much. I looked at the chart, looked at the fundamentals, and took what I know of the industry (that RAM prices aren't rising) and considered it an acceptable risk to buy PUTs (no I didn't buy the 500 Sept 10 contracts, just a meager few.) When you look at the charts of most small cap tech stocks, they all behaved the same way the past couple of weeks -- they went up, strongly up. I figured this was "irrational exuberance," to quote our FED chairman, and invested accordingly. I still expect SHVA and SIII to come back down (as they are kinda in the same boat) and am watching FORE and NSCP. I can't stand the thought of a buyout and losing all my principal though, so probably won't invest in the latter two. I'm sure there are many more out there that will correct, but don't have the time to look. Thanks for listening, can you imagine that MU got downgraded to "Avoid" today? Sheesh. Chuck

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