Market Gems:Stocks w/Strong Earnings and High Tech. Rank Message Board

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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank

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To: LastShadow who wrote (3118)	10/8/1997 5:23:00 PM
From: AlienTech	of 120523

>>AT - why on earth did you short KLIC? It bothered me when in gapped down the day after the tanking when I bought it and rode the climb, but the last two days have been all uphill. Just curious what triggered your short?<< Oh I shorted the call.. IE I sold calls on it.. Well I wanted to see what would happen, OJ seems the most knowledgeable about semi's and hes down on the sector currently. If the MM's buy your calls when its in the spread closer to the ask then that means they plan to take the price up. Well too late now anyway :) but it was a good indicator before a lot of them ran up. Like I sold my OCT 60 calls on mcaf before the market closed yesterday, they woudnt even buy it for 1/16 higher than the bid which told me they are planning to take the price down in the short term so I stuck it to them anyway since usually if they think the price tend to go up they will buy it like its happend many times before. If you play with options its good to do this once in a while to see their reaction to things..

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