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Strategies & Market Trends : Steve's Channelling Thread -- Ignore unavailable to you. Want to Upgrade?

To: orkrious who wrote (22524)	8/1/2001 4:01:52 PM
From: All Mtn Ski	Read Replies (1) \| Respond to of 30051

Yup, it would be time to buy if they were cheap, they aren't, but meanwhile rational disbelievers like ourselves get hurt. I bought a SOX Put 2 days ago and doubled up on it today, I woke up to the ML report and almost had to put some Irish Whiskey in my coffee to deal with it. <g> SOX up over 100 points in a week. Whew! Tom

To: orkrious who wrote (22524)	8/1/2001 11:39:20 PM
From: Jacob Snyder	Read Replies (1) \| Respond to of 30051

May I suggest: TXN: has been in a 30-38 range forever. I went long at 30, have a limit sell order at 38 which will probably clear tomorrow. Might buy some put LEAPs then. It's not too late to buy QCOM put LEAPs. I bought some when they hit 65, and the stock stalled there, as I thought they would. When this rally is over, QCOM will revisit 50. CSCO looks toppy at 20. NTAP is a kinky go-go stock, made a 22% upmove today for no reason, just normal daily volatility. The company may be the next EMC, or the next Apple, their customer base is going bankrupt, profitability and visibility have evaporated. I bought 2003 calls as the stock hit 13 and 11, would have bought more if the stock had hit 9. I figure even a little bear rally will give us a double in NTAP off the latest bottom, so I'll sell some at 18-19, and then see how much further it wants to run, could easily go to the high 20s (and then set new lows). It's still a bear market, it's still a traders market.