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Strategies & Market Trends : Tech Stock Options
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To: craig crawford who wrote (32091)12/30/1997 1:31:00 PM
From: donald sew  Read Replies (1) of 58727
 
Craig,

I actually agree with you that there are weaknesses in this rally since the SOX and now the XOI and OSX have become weak and one should be cautious in initiating any new short-term call positions.

When I think of a sucker's rally, I normally think of a quick upswing of a few days and then almost a quick and hard movement back down and possibly setting new lows, and that's why I requested clarification.

As you know, I normally do not follow individual stocks so my position is opposite of yours since I am not so concerned about individual stock movements except for the leaders.

I will say that I may initiate PUT positions as soon as the technicals become overbought, although I am concerned about the impact of the money inflow from the so-called Jan effect, which may extend upward movement, but it will be for the short-term.
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