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Politics : Formerly About Applied Materials -- Ignore unavailable to you. Want to Upgrade?

To: Jerome who wrote (47812)	6/10/2001 12:48:00 AM
From: StanX Long	Respond to of 70976

From another thread, Stan revised TRIX watchlist dump... ...corrects CSCO decay since 22-MAY; includes SOX.X: SMH; and newer IBB - Biotech iShares 1:1 track BTK.X index. ` 09-JUN-01 TRIX : growth since 04-APR decay since 22-MAY morning star evening star IBB + 53.7% + 1.0 % $BTK.X + 54.0% - 0.4 % $DRG.X + 8.8% + 0.3 % PPH + 11.0% + 1.3 % WMT + 2.3% - 4.7 % $RLX.X + 8.6% - 2.8 % $COMPX + 35.2% - 4.3 % AOL + 45.2% - 9.1 % MSFT + 40.9% + 4.1 % IBM + 26.2% - 1.6 % SUNW + 22.7% -25.3 % CSCO + 49.7% -12.7 % ALA - 12.0% -21.9 % NOK + 33.8% -13.3 % TXN + 37.2% - 8.0 % INTC + 35.5% + 3.9 % AMAT + 46.2% - 2.3 % $SOX.X + 45.8% - 2.7 % SMH + 46.2% - 2.2 % $NDX.X + 38.5% - 7.2 % QQQ + 38.5% - 7.2 % ` -Steve

To: Jerome who wrote (47812)	6/10/2001 9:05:38 AM
From: orkrious	Read Replies (2) \| Respond to of 70976

Jerome, you obviously know buying stock and writing calls on it is a great strategy in a range-bound market. It is not one for the time where the underlying stock may tank. By any measure the semi equips are very richly valued for this point in a very bad cycle as everyone has tried to anticipate the "bottom." I fear an impending tanking, enough so that I put on a sizable short position in my daytrading account, which is an account in which I usually don't hold overnight positions. Of course I may be wrong, in which case I will take my lumps. But buying a large cap semi equip at these valuations at this point in the cycle with the sole objective of collecting the option premium is not worth the risk. All IMHO, of course. Jay