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Technology Stocks : Xilinx (XLNX) -- Ignore unavailable to you. Want to Upgrade?

To: Scott Violette who wrote (1612)	12/30/1997 8:40:00 PM
From: Matthew	Respond to of 3291

Scott; I did not like the downward movement today in light of the overall upward bias. Altera was down also. Was there some industry news out today to cause this movement? As for breaking out past 40, It would take a multi-penny suprise in earnings. Just a bullish conference call will not do it as the past few calls have been very bullish. I am looking to the anticipation of NEXT (April) quarter results to get any real action above the low forties. I am long March 50 Calls and short March 50 Puts. I took these positions in early October when the stock was 15 points or so higher. I think you will make money on both of your positions.

To: Scott Violette who wrote (1612)	12/30/1997 9:38:00 PM
From: Sherman Chen	Respond to of 3291

I also bought in the low 30's, and wrote Dec. 35 calls, and Jan. 40 calls after the price went up. My shares got called away to cover the Dec. 35 calls because the price shot up over 35 on the Friday before options expiration. I just bought back the Jan. 40 calls at a small profit. I am also long June 40 calls.