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

To: RocketMan who wrote (1108)	6/1/2000 4:03:00 PM
From: Jill	Read Replies (1) \| Respond to of 10876

I agree w/ your overview, Rok. There was a nice post sometime this week by lurqer over on the porch, with a chart of INTC over a number of years. I'm paraphrasing his insight very briefly here, but the basic point is: don't go against the houses/prevailing psychology. Right now QCOM is being whipsawed by this uncertainty. Longterm the future is bright. However, we don't know the time frame on that reversal to secure upward trend again, but if I'd waited on DELL for the last year and a half, I'd have gone absolutely nowhere. It's at 42 as of this moment--that was about the price I purchased the last batch of shares, which then traded in a range from 36 to 44 for a while, and then down as low as 33. Before then DELL had done well by me and my first batch was up 250%, even then. However, if I kept my $ there for all this time, I'd have exactly what I had then. Nobody knows when the fundamental situation will change, and thus the psychology. Better to move $ elsewhere and come back later. That's the way this market operates. It's not just a bull, it's gotten more and more liquid and volatile. Just for the helluva-it I covered my JDSU shares before the close, for OTM July. I plan to buy them back on any retracement, just to scalp a few $.