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Politics : Idea Of The Day
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To: Jerry Olson who wrote (17785)4/4/1998 7:18:00 PM
From: John Sikora  Read Replies (2) of 50167
 
Hey Jerry,

I'm beginning to wonder if INTC is going to restate their capital expenditures for the year...I have the AMAT May 40 and July 35's along w/ others..It appears the rally in the SOX was ill fated and short lived. KLIC really is looked upon as strong indicator of direction for the whole group and their announcement choked the rally. SOX should roll down towards 285 and then we'll see how it reacts:). I've already begun rolling out of profitable long positions and am building up my PUT positions...By May expiry I expect to see some healthy downside in the averages.

Have a good weekend,

johnny
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