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Strategies & Market Trends : Tech Stock Options

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To: IngotWeTrust who wrote (5499)	2/18/1997 1:46:00 PM
From: Judy	of 58727

Hello 49r ... or do you go by AL? Thanks for joining the convo between Bill and I. When BGO closed above its 200-day mav a few weeks ago I thought about adding to my position ... didn't since it reminded me of the time I bought a good necklace in LA when gold was $800/oz. But the reasons you listed to Tom was why I took the initial position. I may buy more on weakness. On USRX and XLNX ... waiting for USRX to rebound. Sold puts the last options cycle, but this options cycle I went long May 60c instead on weakness. Some time is needed for the market to shrug off the FUD and MOT's lawsuit. XLNX ... did a synthetic at strike 35 when the stock was 37+ and closed when the stock hit 46+. A synthetic is where you sell the puts to buy the calls, same strike and same expiration. Will do synthetic longs again when semis and semi equip makers retrace down and sell naked calls in the meantime. As long as there are still bulls and bears at SI, it's a trading market. But yes, the market is due for some correction. When all the posters sound scared outta of their wits, the correction will be coming to an end. Same thing happened last July and August ... almost like clockwork. Good trading.

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