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Technology Stocks : Semtech
SMTC 72.97+0.3%Dec 19 3:59 PM EST

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To: pham who wrote (710)1/22/1998 2:12:00 AM
From: Sword  Read Replies (2) of 886
 
Hi Pham:
I don't intend to sell any of my stock. SMTC is the best company I can find to own. I, like Jeff Bond, love this stock. I even like it better than THQI (2nd best). Actually, THQI probably has better appreciation potential than SMTC, just as Todd suggests, but I know the semiconductor industry better than games. I'm an electrical engineer.

I will definitely uncover my stock before February. But I like the idea of getting a little options income. Right now the options are out of the money. I'll buy them back at the bottom of a TA stochastic indicator. It is likely that this, in combination with the premium erosion will allow me to take a small profit (about $400). This will pay for the brand new mountain bike that I just bought my wife as a present.

If it doesn't work out, and I have to pay a higher price than I was able to get in writing the contracts, that's OK. I'll be glad to cover to keep my nicely appreciated shares. Either way, the psychology works for me -- I'm happy. Go SMTC!

Jerry
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