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To: pater tenebrarum who wrote (114227)7/24/2001 2:17:20 PM
From: Haim R. Branisteanu  Read Replies (1) | Respond to of 436258
 
Heinz, I do agree with you but action count more than words and the market slides relentlessly in the tech sector. This does not mean that SUNW is worth $15, of CSCO $19, but there are many other tech stocks that will prosper and reverse on a dime.

After the first wave of buying then other opportunities will arise and define the new leaders.

For better protection I would suggest that any buy should be accompanied by selling a close to the money covered call, if the stock rises you can always roll over the calls.

Same strategy works for me on my Euro holdings.

BWDIK
Haim