CYPRESS Semiconductor (CY) Message Board

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Technology Stocks : CYPRESS Semiconductor (CY)

CY 23.82

0.0%

Apr 16 5:00 PM EST

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To: John Ritter who wrote (1560)	12/4/1997 7:24:00 PM
From: JERRY QUISENBERRY	Read Replies (2) of 2694

John This stock is just almost like buying the semiconductor index (SOXX). Today there are an oversupply of semiconductors available and the market is afraid that ASIA is going to dump more semi's on the market. Therefore the value of companies that make semiconductors are down. Some believe that the oversupply wil last no longer than three months, other say six months to a year. I think three months (no inside knowledge) just an opinion. To support my belief, I bought CALL options at $12.50 to expire in june. This approach is cheaper IF I am wrong and highe % profit if I am right.

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