Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: ajtj99 who wrote (51015)	4/13/2002 12:28:12 PM
From: orkrious	Read Replies (1) \| Respond to of 99280

when GE and IBM start to crack, it's like cracks starting to show in Hoover Dam. aj, read this, and imagine what it will be like when the dam breaks. I need to buy some more gold. financialsense.com

To: ajtj99 who wrote (51015)	4/14/2002 7:27:01 PM
From: jjstingray	Read Replies (4) \| Respond to of 99280

AJ, I think you and I are on the same page as far as where we think the market is going short term. I cannot imagine how this market can rally very much without crumbling first. In that regard, I wanted to get your advice on buying some Qlgc puts. I know I have bounced this off you before, but I guess I want to ask you again. And, I know how you feel about equity options as opposed to index options. With Qlgc at $47 and some change, it seems like this stock will get some lumps if we selloff hard. If we are up Mon/Tues like Carprino thinks possibly Qlgc can run to $50. If the market starts selling off, the high PE stocks are going to get cushed. QLGC sells its products to IBM. We all know what happened to IBM last week. That coupled with a possible retest of the Sept. lows will surely bring Qlgc to its knees. Conservitively, I would guess Qlgc could see the low $20's on that kind of selloff. What do you think about some May or June $30's. I know it is very risky as far as losing al of it if we do not get the selloff. But, what if we do. The May $30's are going for $.40. 100 contracts will cost $4,000. Not too much to losse for the possible upside. If Qlgc goes to $25, which is very possible in an environment like this, that would probably be a 15 bagger. I am sure those things would trade at $6.00. That $4,000 investment could possibly turn into $60,000. Please tell me I am insane and that this is the dumbest thing I have ever asked you about. Am I being an idiot?