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Strategies & Market Trends : Zeev's Turnips - No Politics -- Ignore unavailable to you. Want to Upgrade?

To: Zeev Hed who wrote (104)	10/10/2001 10:36:52 PM
From: bob	Respond to of 99280

Thanks...

To: Zeev Hed who wrote (104)	10/10/2001 11:09:46 PM
From: mishedlo	Respond to of 99280

Zeev - I can make a case that options are very conservative if one does it right. Right now with VIX VNN high, most options are pricey. But QQQ calls seem more reasonable. Why not some QQQ calls a few months out. Sure wish I did that at the bottom and sat on them instead of trying to trade these whipsaws in individual equity positions. The reason I prefer calls is I know what my exposure is. For 8,000 I can buy 20 DEc 31 QQQ calls. Those are 1 1/2 points in the money. On could risk Equivalent purchase of QQQ would cost 64,000. Should absolute panic hit one could lose 8,000 on the calls, or maybe 20,000 on common. I am not sure what would cause a drop of that magnitude but it is possible. If we went sideways for 3 weeks then one would be flat on the common and down perhaps 1000 on Calls. One is paying 2 1/2 points of time for the luxury of staying in cash but that could be worth it to someone like me scared to jump into whipsaws on individual issues. On an immediate drop of say QQQ points tomorrow, one would lose less with options than with common (but a higher %). I wish I had enough sense to jump into QQQ calls on the bottom as I probably would have a double. Where people go astray is buying stuff too far out of the money, or not giving themselves enough time, being concentrated in one sector. Mistakes I have made time and time again. Looking at options chain I still think either weakness or explosion up into options expiry. We will see. M

To: Zeev Hed who wrote (104)	10/11/2001 12:47:40 AM
From: TimeToMakeTheInvs	Read Replies (2) \| Respond to of 99280

Guess the Q will rock tomorrow (Brocade said it would more than likely meet revenue targets). IDPH must have been responding to Genentechs announcement. The gov. told the networks and Iraqi TV (excuse me, I mean CNN) that bin laden might be conveying signals in his propoganda some of them carried ad nauseum. Cipro plant to reopen. Think we will look back on these times as historically important, from an economic standpoint as well. tim

To: Zeev Hed who wrote (104)	10/11/2001 7:12:34 AM
From: sammy levy	Read Replies (1) \| Respond to of 99280

Zeev, I am planing to be a regular tenant in your garden...what do we do here?.......I can see "no politics"...do we ask opinion re stocks,do we bring up stocks of companies we like? 1...Any opinions re SNDK & MVIS ? 2...PARS & AIRN (I think both got a great future). I am not much of a TA man,so all I can do is ask questions....LOL Sam

To: Zeev Hed who wrote (104)	10/11/2001 7:15:29 AM
From: sammy levy	Respond to of 99280

Zeev, I am planing to be a regular tenant in your garden...what do we do here?.......I can see "no politics"...do we ask opinion re stocks,do we bring up stocks of companies we like? 1...Any opinions re SNDK & MVIS ? 2...PARS & AIRN (I think both got a great future). I am not much of a TA man,so all I can do is ask questions....LOL Sam

To: Zeev Hed who wrote (104)	10/11/2001 8:49:09 AM
From: JRI	Respond to of 99280

Zeev, congrats on the success of the new thread- Got any 1-2 day outlook here? Looks like it wants a little more up over next 1/2day or day or so, but then some correction over......you think we get as high as 1700 this in next couple days? tia

To: Zeev Hed who wrote (104)	10/11/2001 9:02:26 AM
From: orkrious	Read Replies (1) \| Respond to of 99280

VECO downgraded 07:38 ET Veeco Instruments (VECO) 28.35: Banc of America Sec. downgrades semiconductor equipment maker to MKT PERFORM from Buy based on valuation; with multiple of 30x 2002 earnings, sees downside risk to $17-$20. Firm cuts FY02 est. to $0.55 from $1.84 and rev to $309 mln from $430 mln vs current mean estimates of $1.63 and $464.8 mln; end-markets recovery is further pushed out.