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Technology Stocks : Semi-Equips - Buy when BLOOD is running in the streets! -- Ignore unavailable to you. Want to Upgrade?

To: Robert Marsh who wrote (3302)	11/5/1997 7:21:00 PM
From: LLCF	Respond to of 10921

< But the premiums are high. Can anyone suggest a better candidate?> I trade SVGI options and although SVGI's options have "come in" (gotten cheaper on a volatility basis) I doubt that most have. In short your paying "top dollar" for your protection in my opinion. These wont get "cheap" untill all the traders have that "warm and fuzzy" feeling of a stable market in them....perhaps around X-Mas. Its worth noting that options were being "given away" before this move (down) started...now they are very "dear" IMHO. DAK

To: Robert Marsh who wrote (3302)	11/5/1997 8:48:00 PM
From: Ira Player	Read Replies (1) \| Respond to of 10921

Three things. 1. I don't play the down side of the market. The few times I've tried, I failed spectacularly. 2. I'm just starting to look at Options, so don't have much experience. So far just a few trial moves (50% profitable). I don't like the lack of liquidity on options. In a market that is moving (like last week), they sometimes sat with no buyer! The prices don't respond as rapidly as the underlying stock movement should allow. 3. At this point in my life, and it will probably change, I don't hedge -- ever. Insurance indicates uncertainty in the decision. If I'm "uncertain", I'm out, not hedged. Ira