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

To: Hans who wrote (26881)	10/24/1997 1:50:00 PM
From: C.N.S.	Respond to of 58727

Hans, With the cloiuded outlook for semi-equip to continue atleast till AMAT announces, why are you doing call options on them ? Are you looking for a purely technical bounce. At these prices, can't you just buy KLIC & cover call it, or short puts ? Shivu

To: Hans who wrote (26881)	10/24/1997 2:14:00 PM
From: Jerry Olson	Respond to of 58727

Hans I warned everyone for weeks before this happened...INTC & KLIC over and over.. Now it's very different...THey are beaten up, battered and very cheap... How low can they go??? I don't think it matters....200-300 points more on the DOW won't do that much more damage to the sector... In fact I'm betting MY$$$$$ that some major upgrades will come on valuation....KLIC based on next years eps is 12 times that projected ##...Not bad huh?? Now what are AMAT_KLAC_NVLS_PRIS_CYMI_ etc etc.. When the BLOOD runs Bright RED in the streets, it's time to buy!!! Good Luck, Jerry