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Strategies & Market Trends : Tech Stock Options

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To: Suresh who wrote (30536)12/6/1997 5:02:00 PM
From: Jerry Olson  Read Replies (1) of 58727
 
Hi Suresha

Want to buy the beaten up semis huh?<gggg>..

Hey i'm thinking the worse is over but this Quarter could have problems...I think after the first Q of 98, we will begin to see fast moving stocks in the semis sector...

Semis stocks right here thru earnings, mid to late Jan may move sideways till a clear direction is known by the market...

Things are still NOT over in the Far East, trust me on this...

However you & I both know the street is usually early in there buying in general when they think they can sneak in and buy these stocks for practically ZIP!!!

I think the right conclusion should be this::: buy a half position in the stocks you love<g>...wait and watch and see what unfolds...I truly believe the downside risk is MUCH less than the upside rewards...if your buying options buy in the money and Julys or Aug...

I can tell you from my "limited" knowledge of this group that mid to late next year will be the most extrodinary explosion of these tech stocks we've seen to date...I feel that ALL of these stocks will already be double from here...

The July reporting period will not only signal the complete turn around in this sector, but also give forward looking guidence as to the future...

I hope this helps my friend, and best of luck to you, Jerry
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