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Strategies & Market Trends : Tech Stock Options

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To: Jerry Olson who wrote (31049)	12/11/1997 7:25:00 PM
From: j g cordes	Read Replies (1) of 58727

Jerry, the KLIC 1995 - 1996 decline was from approx 43 to 9.5, since then its shot up to approx high of 60 for easy division. If the Taiwanese debacle is similar you get a crude projection of 43:9.5 = 60:13.25 We hit 17 today... Also, that downturn lasted into August. So, FWIW, I'm buying below 14 without asking if its a gold or copper bonder... and watching the action closely as I don't think it will get there... but the mental exercise is worth going through to put the current selling in perspective. Jim

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