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Technology Stocks : Novellus -- Ignore unavailable to you. Want to Upgrade?

To: jmanvegas who wrote (3320)	3/5/2002 10:28:01 AM
From: Cary Salsberg	Read Replies (1) \| Respond to of 3813

Yesterday, I sold JUN 55 covered calls for 5. I don't disagree with anything you said except "bear market rally." I think many tech stocks are very highly valued in a very uncertain aftermath of the bubble. Many will fall as their real prospects become more obvious. The economy has turned. Moore's Law is driving innovation at an increasing rate (geometric progression in a linear world). Time is on the side of the bulls. There are very few quality stocks. NVLS is one and deserves a premium to other stocks and past valuations. Pick something else to short. It is very highly valued, but you can find "junk" out there with equally high valuations.