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Technology Stocks : VeriSign (VRSN) -- Ignore unavailable to you. Want to Upgrade?

To: Jerry Salem who wrote (650)	8/5/1999 6:52:00 PM
From: Patriarch	Read Replies (2) \| Respond to of 1285

Hi Jerry, In today's environment, I would be hesitant to even write calls. I think the next several weeks until 4Q99 arrives will be pretty uncertain, hence I will sit on my hands. I remember an SI'er posting a Goldman Sachs report which opines that Greenspan will raise rates at least 25bp in the near future. The next two FOMC meetings are August 24th and October 5th. IMO, a 25bp raise is already priced in the market. I can't see Greenspan raising this month and October, right now, is 50/50. If a raise doesn't materialize at all by October 5, we're in the money-literally ;) Any thoughts? Pat