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Strategies & Market Trends : Tech Stock Options

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To: donald sew who wrote (53062)	9/17/1998 4:48:00 PM
From: Jorge	Read Replies (2) of 58727

don....I am not an options player, but I like to see how options players are calling the plays as I've found that overall they have a reasonably good sense of where things are going as opposed to those who are focused only on the long term.....While I'm a long-term investor myself I, following Warren Buffet's example earlier this week, have recently moved substantially into cash...I'm hoping to get some sense of where the bottom is then buy for the long term........ Yesterday, when there was no hint of a rate cut by RG, and realizing that Foreign exposure which has been causing REAL, true honest-to-goodness corporate slowdown (Gillette warned as recently as yesterday, citing both Asia and Latin America) I knew we would be headed downward as soon as the Street realized this...I've seen a number of "professionals" state we could be re-testing the lows, if not lower....It seems that could be your opinion too. BTW, What does <<Tick in positive territory at UP 220.>> mean? Regards, George

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