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

To: Jerry Olson who wrote (27037)	10/27/1997 12:18:00 PM
From: Brad Hill	Read Replies (2) \| Respond to of 58727

Hey OJ--don't forget the techs, presumably the core interest for us <g>. The Naz is getting seriously reamed out. I still believe the sector is young. Once sentiment stabilizes and turns upward... look out. -- Brad

To: Jerry Olson who wrote (27037)	10/27/1997 1:13:00 PM
From: Tom Trader	Read Replies (1) \| Respond to of 58727

Hi OJ--just got back from a hike I don't think the slide will stop before we see 7400 Thereafter let's see how well it holds; if tomorrow's number is bad we'll break badly and create some real panic. Otherwise, if the number is good we'll need to see how the market fares. As as far as what I am looking at buying -- I have a laundry list of over 60 stocks and it is a question of how far whether some of them come down enough. For example, I am looking to establish an initial position in CPQ in the mid-50s and then complete the position in the mid 40s. Yes, I am serious--no need to rush into anything because if the carnage continues we'll see some real declines making some of these stocks cheap--the way that I like them. As far as the oils are concerned--yes, I like them because they are in a secular bull market that should last a few years. But I want them at much lower prices. They'll come down, just like everything else. The drugs I have mixed feelings about--not sure why--more instinctive than anything else. The financial stocks --I DON'T like-- despite the conventional wisdom. If SE Asia goes down big time, we could then hear about exposure that the banks have--all this stuff is inter-related to a point. BTW, this is just my opinion -- have not really heard any of the commentators/ analysts talk about this kind of risk. Also any time I take equity positions, I will add to my OEX puts as insurance in case we have a melt down. Did not buy anything today-- so far. If you are patient -- the safest approach is to look for sectors that are washed out and then buy quality stocks and look for mid-term gains. Though the way things are going -- everything may get washed out and very attractive. Right now, CASH IS KING -- and I am about 70% cash and fully hedged on the 30% that I am in the market--though at this point, I am down somewhat. Stay cheerful and upbeat and be careful about putting money in the banks Regards