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Technology Stocks : Teradyne
TER 181.13+1.0%11:30 AM EST

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To: JakeStraw who wrote (756)6/1/1998 7:35:00 PM
From: Orhan Birol  Read Replies (1) of 1184
 
Thanks for the report! I guess the lows (26 3/8) can't be more than a few days away. I am making money and have made money several times in INTC, AMAT, KLAC and CYMI puts, last month. I had INTC 85 puts, AMAT 40's, KLAC 40's.Then I made money on AMAT 35's, KLAC 35's and INTC 80's. As I roll them down I play with my profits. I sold half my TER 32 3/4 which cost me 37 1/2- 1 3/4 put premium received. Also stuck in ASND @45 1/2.
The fact that AMAT broke 32 and even 30 and KLAC making new lows, the group I think is still under pressure and in my opinion will not turn around until AMAT tests the 25 1/2 low.
Good luck,
Orhan
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