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Technology Stocks : S1: Doing Business in a Dot Com Depression, -V1 -- Ignore unavailable to you. Want to Upgrade?

To: Ahmad Sinno who wrote (524)	7/27/1999 1:46:00 PM
From: tuck	Respond to of 1013

Ahmad, Since 2nd Q earnings season is mostly over, I think volume is light across the board as the market awaits the final installment of Greenspan's Humphrey-Hawkins testimony. I believe that wraps up in the Senate tomorrow. I would expect SONE volume to pick up towards the end of the week. I'm also betting the price will runup towards earnings on 8/3, perhaps to the low 40s. At this point, I'll probably buy a couple of ITM puts, just to be safe. Then the tone of earnings dictates my next move. If the stock keeps going, I'll sell calls after a while. If it tanks, I'll sell the puts and go long again. Just my humble opinion, of course. Cheers, Tuck