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Technology Stocks : OmniVision Technologies (OVTI) -- Ignore unavailable to you. Want to Upgrade?

To: BMcV who wrote (825)	12/1/2004 6:09:30 PM
From: BWAC	Respond to of 2273

>> Price collusion<< I don't think it has anything much to do with option hedging. Is just the same old run to a certain spot, and then penny ping unlimited shares back and forth between yourself and your colluding partner all day. Who knows what the natural demand or price is of any equity? Because all the volume statistics are so skewed by the flipping. <fundamentals (bad idea since about 1998).> I'd agree. <Are you still out? The market must be about back to where you bailed out.> Probably much higher. I've been working back into selected semi positions. But each one is hedged with Leap Options. And not necessarily long. I hate shorting but since the markIt has been turned into a casino, its not exactly like I'm trading against actual investors interest. (Ha!) I find it incredible that the markIt seems determined to ratchet up the risk to the maximum levels. Always at an extreme, never in the middle. Earnings in fact are good, but PE's are not exactly low, Theory suggests Pe's need to contract as Greenspan moves his moral hazard towards punishing the debtors for a while with increasing interest rates. I think all the debt, combined with increased interest rates, cut-off of the home equity ATM machine, and the housing mania busting will take the markIt to places none of us want to see. Or I could just be nuts?