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Technology Stocks : Full Disclosure Trading -- Ignore unavailable to you. Want to Upgrade?

To: Esway who wrote (7033)	11/1/2003 10:43:08 AM
From: Return to Sender	Read Replies (1) \| Respond to of 13403

OT SNIP: Low Volatility: SMH is a Merrill Lynch HOLDR that represents the chip sector. As this security has moved higher this past week and month, its implied volatility has fallen to historic lows. At the same time, we have to start looking at the huge run up this group of stocks has had and how the overall market might perform in the near-term. SHM shares are up more than 100 percent since they reached their 52-week low back in February. Just in the last month the security is up more than 25 percent. However, the last two sessions have shown some consolidation and with the security so far above its 200-day moving average, some profit taking seems very likely. With IV so low, straight put purchases could benefit from not only a decline in price, but a rise in IV. Even very positive economic news this past week was unable to push the major market indices to new highs and this might be a sign that lower prices are in store next week. optionetics.com