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Strategies & Market Trends : Tech Stock Options

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To: joe smith who wrote (37322)3/25/1998 11:08:00 AM
From: donald sew  Read Replies (1) of 58727
 
Joe,

Sure some of the SEMI's were upgraded, but that wont last. Just too much negative news. If it retraces it gains in the near future, it would only confirm its weakness.

My feeling is that the further the SOX moves up the better a short it becomes.

The overall market, for the time being is not as strong as indicated by the futures before the open.

Maybe we will get a little pullback this week. Look at the DRG, it is slightly down and that is a hot index, and even PFE is down.

Seeya
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