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Technology Stocks : KLA-Tencor Corporation (KLAC) -- Ignore unavailable to you. Want to Upgrade?

To: Math Junkie who wrote (1540)	1/17/2001 8:37:15 AM
From: Jerome	Respond to of 1779

I don't at the moment. In the last two weeks the stock ran up to fast for me figure out which options would work out. Howevr, by next Monday I will own some KLAC and I will be writing some covered calls against it. Although NVLS is a stoch that I use most frequently, KLAC would be a good choice. My observation is that KLAC runs up quicker than most but usually lacks the ability for a sustained rally. This being the case an at the money covered call would be appropriate, as the stock gets to a good high. One thing bothers me about this rally. People are buying these stocks because of the good news from INTC and their increased cap/ex numbers. But the companies are giving lower guidance for next quarter, and if the economy keeps on slowing, there will be no exceptions if investors start dumping tech stocks across the board. These stocks will get hit also. This rally could be short lived. Jerome