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

To: Trader X who wrote (4134)	12/24/1997 8:39:00 PM
From: Robert Schling	Read Replies (1) \| Respond to of 10921

I agree with you. The 20-22 was an important support and resistance area after and before (respectively) the 96 slump. This is the level that my current position targets. But I may be wrong. It's very worthwile to have an ongoing debate of bulls and bears (although their timeframe may differ) on this thread. I guess there is always a buying and selling side for each transaction, even if AMAT stands at 29... Try this URL for charting that lets you change parameters for several indicators and allows you to show two indicators at the same time (a limitation of the otherwise great bigcharts site): cbs.marketwatch.com/http2_data/_charts/achart.htx?source=htx/http2_mw I am working on some alternatives on how to move to a long position if we hit 20-22. Any ideas? One strategy is to buy half a position and sell at the money puts that go 6 months out. You probably will get sufficient premium to break even at your next buy point (say 15 for AMAT) and cash in if the stock goes sideways. For different blood in the streets, try the disk drive sector (drives and suppliers). Several stocks have moved to their historical Price-to-Book lows. Happy holidays Robert