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

To: Kayaker who wrote (2782)	11/2/2001 2:28:56 PM
From: Zeev Hed	Read Replies (3) \| Respond to of 99280

By Jove, those puts are expensive, that is a 5% plus premium and we have what, two weeks to go? Zeev

To: Kayaker who wrote (2782)	11/2/2001 2:42:58 PM
From: All Mtn Ski	Respond to of 99280

Kayaker, Yup, those MM's will move to your price, as long as it isn't too outrageous, and man do those options move, there is no way I would ever meet their price, unless I was really eager to close out a position. Looks like we are getting some selling here. <g> Tom

To: Kayaker who wrote (2782)	11/2/2001 11:36:02 PM
From: Kayaker	Read Replies (2) \| Respond to of 99280

Ed Yardeni on Louis Rukeyser tonight... Lou: So what would you sell? Ed: Well, I guess my feeling right here is semiconductors are awfully expensive. They're selling at 70x forward earnings. I hate to say sell them because they've been awfully strong but the index for semiconductors is [???]¹ 65% since the beginning of last year. We've had 5 rallies of 35% magnitude to the upside so I think you really have to be able to trade those. Lou: Traditionally one the earlier movers though as a recovery is coming. Ed: Traditionally one of the earlier movers, that's correct, but I think they're already discounting a recovery. ¹[replayed the tape a few times but can't make out the word here.]