Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : Idea Of The Day -- Ignore unavailable to you. Want to Upgrade?

To: Tom Trader who wrote (15553)	12/15/1997 10:09:00 PM
From: Snowshoe	Read Replies (2) \| Respond to of 50167

>>Anyway, I shall take a half-position at the 30-31 level and add to my position if it declines further.<< Tom, earlier I said I expected "pretty good" support for WIND at 30, and I want to amend that. I see 30-31 as a key support level that will be tested, and I want to see what level of support really exists there before acting. The software sector is richly valued and very vulnerable if the tech slide continues. ORCL and ADBE recently tanked, CA is wobbly, and MSFT was downgraded today. Could be we'll see another slide like last spring among small software stocks like WIND, DCTM, HNCS, SEBL, and CDN. Note: Today Bill Harmond, an experienced SI trader in the small-cap software stocks, bailed out of all his positions. You mentioned that you would hedge your investments by buying puts in the stocks you expect to acquire. I was wondering why you are going this route, when at some other times you have hedged with index puts? Greg