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Technology Stocks : Semi-Equips - Buy when BLOOD is running in the streets! -- Ignore unavailable to you. Want to Upgrade?


To: Sam Citron who wrote (10727)11/4/2002 1:47:51 PM
From: Cary Salsberg  Read Replies (2) | Respond to of 10921
 
Hi Sam,

This weekend, I looked at DEC in the money calls in response to Zeev's recommendation. Not much premium, there.

I have been looking at 6 month out of the money calls, but there is little over exuberance there, right now.

I have been biased on the hold side for a while. It is easier to maintain that bias in the current rally environment. I will not raise cash for fear of another leg down. I am more afraid of missing the move up. I will raise cash when the market very obviously overvalues my stocks. I will sell covered calls on 80% and save 20% for outright sale at higher levels.

Cary