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Strategies & Market Trends : Tech Stock Options

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To: AlienTech who wrote (27697)	11/2/1997 10:33:00 PM
From: Tom Trader	Read Replies (1) of 58727

>>This is one of the things I was saying. Now would this be a good thing for the market or will it blow up on veryones faces<< I think that the market is better off achieving a more sustainable bottom--a rally from this level will IMO fail--though it amy be a tradeable rally. >>BTW tom, I was raised a catholic and I am not all that relegious, but even I am very very nervous as the 0 hour approaches and its going to be a LONNNG 99 and one of my planning is to start preparing for it by middle of 98... any thoughts on this? << I guess my view is closer to Jim's -- the year 2000 despite its millenium implications, will be just another year. Now the Y2K problem has more significant implications. I recently found that Schwab was applying a margin requirement to some calls that I sold against LEAPS that I own--same strike long and short. It took a while for them to figure out why this was happening--it turns out that I am long the 2000 LEAPS and the Schwab computers could not read it right and therefore required a margin on my short calls. Admittedly a minor problem but it brought home what people have been talking about. Good trading

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