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Pastimes : Clown-Free Zone... sorry, no clowns allowed -- Ignore unavailable to you. Want to Upgrade?

To: IceShark who wrote (69497)	2/21/2001 7:28:29 AM
From: Earlie	Read Replies (2) \| Respond to of 436258

Ice: I disagree. MU will take the plunge along with the rest of the semis and for the same reasons. I do think it will be one of the last to fall, which suits me, as we don't want them all to collapse at the same time. There are six or seven major funds that are buried in this thing (I wrote about this last year). They drove it up with their own stupid buying and they have already taken a nice slug in the chest for their efforts. When one or two of them try to slip out the side door, it will be all over. Puts are getting too expensive. It makes more sense to sell naked calls, but that has too much risk for me (at least so far). I'll probably just stay with a few core positions as well as small short positions acquired in the rallies, and dumped into the dog days for a bit yet. Best, Earlie