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Politics : Idea Of The Day
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To: MonsieurGonzo who wrote (12223)10/17/1997 10:31:00 PM
From: Joe S Pack   of 50167
 
I think this week is one of the best expiration weeks as for Options writers are concerned. They made millions of contracts worthless. Also this is the best quarter for those profit taking Money Managers.

I think there is no point is trying to catch the falling knife.
Let the slid go further. At the max, another 200 to 300 points
on DOW. If they keep hammering tech stocks, that will one of the best
opportunities in recent memory. Think about this theory: Money Managers cashed in their profits. Now what will they do? They are gonna push it little bit and start forcing the analysts to make all down grades to make sure that they load the trucks before they again
ask the upgrade cycle to start. No doubt there are companies that are
over valued and some have difficulty maintaing earnings momentum.
But that does not mean all the players are alike.
Look at TXN, CPQ? Did they miss the number? No. But
they have to go down with the rest of the growd because it will
also make the so called theorists to look like a good fortune teller.
I will wait for early next week's action before I load the
truck (no I have cash only for a hatchback!).
Ther are so many companies with such an attractive range, it will
become a hard issue to decide on which one to follow.

As for Options, I also contributed my share of toll in the name
of APM.

It is going to be a long quarter for INTC.

The solvation for the techs at the moment is in the hands of MSFT and IBM earnings, followed by CSCO and AMAT.
If they show good return then that will be used as an excuse to
upgrade some of sympathy let downers. IMHO, money managers will
take another month or two to load the portfolio.

I am still working on MEMS report. But I think UTEK is going to
be a good opportunity.

Next TXN and MOT will follow the suite.
Iam not sure INTC has seen the end of the tunnel yet.

-Karun
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