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Strategies & Market Trends : Tech Stock Options

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To: Jerry Olson who wrote (20535)8/22/1997 4:33:00 PM
From: Judy   of 58727
 
Hi, Jerry

SOX is in a clear breakout. While it may fallback and consolidate, why be afraid of a 7-10 percent pullback when there is a double on the 6-9 month horizon?? I keep posting the same thing on this thread ...

Kurlack be damned. INTC downgrade ... a measly four point drop after a 17 point run. Market clearly said what it thinks. Ahhh, INTC's Tillamook chip to be introduced soon. Guess who was buying today??

If a strong stock breaks out and the story supports the move, on pullback ... does not one buy so as no to miss the ride?? Trading the breakouts has its risks, but that is all one can do when on is not on board early enough for takeoff. A case in point is CYMI, it does not stop. John Sikora, did you partake? Riding ASYT now.
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