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

To: Constant Reader who wrote (27533)	10/30/1997 9:27:00 PM
From: Sundar Rajan	Read Replies (2) \| Respond to of 58727

randy - >>I wish you the best of all possible results At this stage it's a waiting game for me because I really didn't have a exit strategy. My broker is telling me that if TXN is put to me, write an at the money call and collect premiums. It will work OK if the stock closes close to 120 by Nov. My exit strategy would be to minimize losses and get out during the next rally similar to the one on wed/thursday.

To: Constant Reader who wrote (27533)	11/2/1997 5:42:00 PM
From: Tom Trader	Read Replies (1) \| Respond to of 58727

Hi Randy--how are you--and how is the market treating you?? As a value investor, is there anything that you like?? In talking to my Schwab500 trading team over the past week, the impression that I got from them was that they saw a lot of panic selling and buying. I was told that on Monday, during the sell-off people were dumping stocks at any price that they could get and then on Tuesday, the very same people were buying stocks at higher prices -- the very stocks that they had sold the day before. Also lots of margin calls. Also heard the anecdotal stuff about borrowing on credit cards to buy stocks and all that. Obviously just a limited bit of feed-back -- but the Schwab500 clients are supposed to be the sophisticated investors!! Interesting!! Regards