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Technology Stocks : Semi-Equips - Buy when BLOOD is running in the streets! -- Ignore unavailable to you. Want to Upgrade?

To: Cary Salsberg who wrote (8350)	4/16/2000 8:18:00 PM
From: Jerome	Respond to of 10921

>>I need a sounding board for my current market view.<< Your plan sounds more than reasonable. Much better to have a plan than shoot from the hip. My view is that there are three wild cards that stir the pot more than I would like. 1) INTC reports on Tuesday. In light of how the market reacted to SUNW's report (which I viewed as good) I'm not optimistic. 2) This is a four day trading week with options expiring on Thursday. 3) The BTB might be released on the 19th instead of the 20th, and that is always a factor. On the plus side I would expect the major brokerage firms to do some damage control, because if their clients all go to cash commissions dry up, for the near term. When the rally starts, AMAT, NVLS, KLAC, & LRCX will lead the charge. The rest will follow in a day or so. Two indicators I would look at would the report from INTC and NVLS. If the market does not respond favorably to the repots of these companies its going to be a long week and your target prices will come true all too quickly. My situation is similar to your, except that I don't just sell the stock. I prefer to sell some stock and then immediately buy deep in the money calls on the stock I just sold with a 3 to 5 month expiration. Like I said, better to have some plan than no plan. Sorry that I can't be more helpful or optimistic. As they say in S. America " Vamos a Ver" (we will see) Regards, Jerome