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Technology Stocks : ELECTROGLAS -- How far can it go? -- Ignore unavailable to you. Want to Upgrade?

To: Proud_Infidel who wrote (718)	1/20/2000 8:05:00 PM
From: Jerome	Respond to of 1070

Option strategy for EGLS, COHU, SVGI and other semi companies that have yet to report. Right about now there are more good stocks to buy than I have capital to work with. Margin is one way but carries its own risk. The strategy I have used is to buy a one moth option deep in the money that essentially tracks the movement of the stock. With EGLS it would be the Feb. 20's or 25's. With SVGI it would be the 12 1/2's . If you do this with a number of stocks on a month to month basis it can be very profitable. For this month I have done it with CYMI, KLIC, EGLS, SVGI and VECO. This almost tripled my buying power. The second part of the program is to exercise the options of the companies that have the best forward looking statements in the earnings report. I would suspect that will be a slight pullback before the Fed meets in Feb so it might be wise to close out some positions about the 10th of Feb.before the meeting. Picking the top for any of these stocks is trickier than being a nudist in a barbed wire factory. (wear gloves?) This strategy is the most successful during the month earnings are released. Time for a beer, Jerome

To: Proud_Infidel who wrote (718)	1/25/2000 8:54:00 PM
From: Jerome	Read Replies (1) \| Respond to of 1070

Re run of a trading pattern. Todays action on EGLS was exactly the same as VECO three trading days ago. 1) Stock approaches a resistance point near a new high (egls at 34, VECO at 50 2) Large block sell off about 1PM EST (50,000 shares) 3) Stock tanks 4 to five points from the open price 4) Stock rallies in the last two hours of trading with in one point of the open price. 5) Trading volume in the last two hours is twice the volume of the previous hours (since the open) 6) The next day the stock rallies strongly (VECO rallied 5 5/8 yesterday) Could this be some form of pre-arranged manipulation? I don't know much about the legality of the matter or if security laws were violated. It's not a question of ethical standards because money was involved. I find this pattern troublesome. If this was a pre arranged pattern EGLS will rally nicely tomorrow. Comments appreciated. Jerome