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Strategies & Market Trends : Tech Stock Options -- Ignore unavailable to you. Want to Upgrade?

To: Tom Trader who wrote (26860)	10/24/1997 12:39:00 PM
From: Jerry Olson	Read Replies (1) \| Respond to of 58727

Hi TT Holding UP??? You bet!!! I've got some cash i'm sitting on, and believe your right on sentiment... People are scared as evidenced by the VIX & the NYSE Tick Index... Very very negative, increasing fear in general...All in all, this COULD set up some real bargains for the next 6-12 months... The talk about the semi equip makers is rampant and very constructive for buying!!!CNBC keeps saying how bad the semis are<g>!!! I'm doing great in the drugs and oils, but my SVGI & DIIG don't look very good...:{ I still have IOM too, i'm holding!! TT all in all not bad, with a nice bias to the GOOD!!! I'll wait to enter hard after next week... Oct will be history, and we could move nicely higher in NOV-DEC... That's my read right now.. Hope your doing well, Regards, Jerry

To: Tom Trader who wrote (26860)	10/24/1997 2:49:00 PM
From: j g cordes	Read Replies (1) \| Respond to of 58727

Hi Tom and All... just dropping in to say hello. As I posted yesterday, I'm looking for Tuesday to re-enter long positions, wouldn't hold anything over the weekend, especially long options as premium will take its toll Monday. I'm guessing the currency speculators are being set up in one of those international reserve traps that work so well once most of the selling is done anyway. Other signs I like are the interviewing of negative mindset people on CNBC and in the papers. Regarding Asian chip demand, heck.. they're going to have to buy chips to let us know how bad their markets are! KLIC looks the most beat up, AMAT and others are in that range of 50 - 66% retracements over 52 week ranges... I doubt the demand and earnings, as will be reported in the next quarter, will show that kind of slowdown. So yes, the SVGI's etc are looking better for entry, but for me its next week. There must also be many areas where Asian costs have tumbled on a currency basis which will have a short term (next quarte) surprize positive influence on bottom line. Nancy, regarding BA.. was out on the West coast three weeks ago and visited Boeing's digs. It was common talk they were having problems finding manpower and resources to build their backlog. Should have seen it as an earnings negative... I'm still looking for rates to bottom around the end of November... intraday lows testing or below 6%. Last note, stopped in BOST (chicken), they serve ham and meatloaf! Their spinach is too watered down with starches but all in all it put MCD and the other bunned beef brokers to shame for a quick meal. Last, last note... TUP is rumored for takeover.. up a 1/4. Chainsaw Dunlap might have his eye on the plastic. There isn't a fire sale on software yet, been picking up a little more APLX while ASND looks like one of those classic oversold bottoms, one more test of lows and up 4-5. Have a good day.. Jim