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

To: tejek who wrote (127791)11/9/2000 2:42:58 PM
From: steve harris  Read Replies (1) | Respond to of 1573413
 
Ted,

I wrote some Nov15 options on RHAT a few weeks ago.
Stock is at 12 1/2 with a week before expiration.
I can't close the options, premium is still to high in my opinion. An option 20% out of the money with a week left, should be worthless.

The point being, the doubt in the markets must be enormous considering the small option writing world I live in.
:o)

steve



To: tejek who wrote (127791)11/9/2000 2:51:55 PM
From: Rob S.  Read Replies (1) | Respond to of 1573413
 
It's still very much a traders market. We may get a capitulation type sell-off and reversal soon. The problem is that the tech stocks have seen about five capitulations so far this year. The small and mid cap indexes are still up for the year. They have seen sell-offs as well but not as steep and have lifted off them better. The arrogance of many tech stock investors has almost been erased.


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