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

To: Judy who wrote (16571)	1/25/1998 12:18:00 AM
From: J.T.	Read Replies (1) \| Respond to of 50167

Judy, While semi's are firming, SOX has not broken out of 272-275 range of resistance. Moreover, because the waters in the political arena are quite muddied right now to say the least, we are not going to have any northbound run of substance til the picture clears up. As one chicken said to the other: "Don't stick your neck out too far or your liable to get it cut off"... bi bi JT

To: Judy who wrote (16571)	1/25/1998 6:04:00 PM
From: Lee	Respond to of 50167

Judy, Re:<<Semis and semi equip makers are no longer shorts for the midterm>> Thanks very much for your thoughtful evaluation. I have been looking at AMAT and KLIC but couldn't decide and therefore did nothing. Your analysis helps a lot to investigate a little further. What do you think of the drillers? They were good to me last year and, except for the price of crude, the fundamentals haven't changed. Can't see crude falling back to $15/bbl even short term but I've been wrong lots of times before. Regards, Lee

To: Judy who wrote (16571)	1/26/1998 8:44:00 AM
From: Jerry Olson	Read Replies (1) \| Respond to of 50167

Hiya Sweets I always listen to you my luv<g>...In the last 2 weeks with the eception of KLIC's eps date I was watching the semis & semi equips get downgraded and then selloff for 1 day and then rebound... Kurlack on MU was a good example...yeah they HAVE bottomed...BUT..i feel they are capped to the upside because of the Asia situation..While eps for the 4th Q were for the most part OK...i see much more downside that has not been filtered into these co's for the next 2 Q.s As you know I own a large share position in KLIC..i bought puts for eps..The CEO said in the CC, THEY WILL MISS THE NEW REVISED NUMBER FOR THIS Q...46C, DOWNFROM 58, to 31ish area if things don't get worse..Full year eps revised down from 1.80ish to 1.35... Judy NO DOWNGRADES!!! ZERO, NADA NONE!!!! Now sweets thats a bottom... In fact some analysts said the stock is CHEAP??????probably right if the situation gets better... Anyway will close out my puts shortly, and continue to write CC on my shares for the 3rd time...repairing my early purchase price...I did pick up an addtl. 2000 shares on the cheap, will watch the near term move to 24ish and sell calls at that time...The stock and all other semis will be range bound for the next Q at the very least.. Blindsides are still out there..Asia is still very very shakey... Hope your well out there on the coast, i'm headed to NYC today with Arlene, have a nice day...My Warmest Regards, Jer