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Strategies & Market Trends : Options -- Ignore unavailable to you. Want to Upgrade?

To: David Weis who wrote (7173)	5/2/2000 11:29:00 AM
From: Poet	Read Replies (1) \| Respond to of 8096

Oh gosh, daw, if I had a strong idea about the market, I'd be able to commit some money either way, but I just can't right now. My "feeling" is that we're due for weakness into the FOMC meeting, and perhaps after it, depending upon the interest rate hike (whether .25 or .50). After that we're headed into the summer "doldrum" months. I've got cash on the side and have been buying LEAPs (some DIM, some OTM) on issues like MSFT, QCOM(selling my common to purchase these), SUNW, NTAP, SEBL, and BRCM. If you're wavering, keep your money in your pocket. How's that for advice? <g>

To: David Weis who wrote (7173)	5/2/2000 12:23:00 PM
From: DM	Read Replies (2) \| Respond to of 8096

Talking Heads and the Fed they can probably spend a great deal of time on that subject and will for the next 2 weeks. On Friday we have the jobs number coming out, market may react to that, then next friday PPI/CPI again market may react to that. Otherwise I think we will just kind of float around until the Fed actually makes their announcement. Myself only thing I have done is bot some QQQ puts and a couple of puts on DISH (seems a little weak to me) otherwise I am holding tight until after the announcement. Just my 2 cents worth (and that about all its worth) gg DM