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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: chic_hearne who wrote (110438)	5/11/2000 4:41:00 PM
From: eplace	Read Replies (1) \| Respond to of 1583823

Chic, those May 90's may still work out for you. Actually, I was tempted to buy some May calls yesterday, but spent everything I had on Jan and July calls. 1) First, remember there is nothing magical about holding till expiration. Check everyday and get out with a profit (I would say that should be very possible) then roll into June or July calls. 2) There are still a lot of things to digest between now and next Friday. Tomorrow the PPI comes out and that could influence the market. Since energy prices have come down since the end of March I expect us to get a good number. This number could swing up and down from month to month and sometimes I think it is given too much credence as an indicator, but hey, it's a good excuse to move markets. 3) The CPI comes out on Tuesday and that could influence things that morning. The real biggie though is Tuesday afternoon when the Fed decides on interest rates. I've heard a lot of guesses on this one. If the Fed raises by only a 1/4 point do we rally cause everyone expects a 1/2 point increase, or do we retreat again cause everyone thinks they are behind the curve? 4) If the Fed raises by 1/2 a point do we rally or retreat? People will find excuses for either side. Either way we could get a big move in the markets (or maybe not). The last few days of options expiration can be very volatile. If I had to guess, this market is going to be all over the place the next few days. Anyway, good luck with those May 90's. Ed P.