Hey Andrew,
How are you?
I've been kicked with my semi-equip calls, but I hold
the stocks (ASYT, CFMT, UTEK, WFR). Still have a couple
of calls: KLIC, SVGI. I think that we haven't seen the
bottom yet and think of buying UTEK puts. I'd prefer
to buy puts on weaker companies, but unfortunately they don't
have options. I tried to select between ETEC, KLAC and UTEK
puts and I guess Art's company's the victim. ;-)
It looks like the DD catastrophe, plus semi-equip
uncertainty for 1998 will move UTEK lower.
Plan to buy more semi-equip shares at lower prices.
Watch CFMT tomorrow - might be an opportunity after the
earnings report.
BTW, regarding WFR - I don't see a reason to buy
WFR stock. WFR year 2000 $20 LEAPS are so cheap that
stock is no bargain. If it does not get out
of the dumpster until year 2000, it won't get out of it.
Good luck
Raimondas
P.S. Buying NKE - how about that? ;-) |
