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Technology Stocks : Disk Drive Sector Discussion Forum -- Ignore unavailable to you. Want to Upgrade?

To: Pierre-X who wrote (2701)	3/6/1998 7:45:00 PM
From: tom pope	Read Replies (3) \| Respond to of 9256

Just to lay my cards on the table - I'm short htch apm spyders oex 510 and 515 calls 1 S&P @1046.80 (sob!) long oex march 495 and 500 puts. covered a short msft for a small loss this a.m. That hedges about 75% of my stock portfolio. In addition, cash is about 66% of the stocks, not counting the cash from the shorts. I also am long California real estate, in case anybody needs a house in the wine country, or a super lot with fantastic views of the Pacific Ocean. (But that's another story, unfortunately.) Still looking for shorts, and PX's candidates will be fun to research this weekend. Today was a good example (for me) of how demanding this game can be. If I'm holding the S&P contract as a trade, I should have sold after the first half hour; if it's a hedge, hold til the last margin call. Very tension-making. I'm not good at handling split personalities. Lawrence, you'd really sell puts in this market?

To: Pierre-X who wrote (2701)	3/6/1998 7:52:00 PM
From: tom pope	Read Replies (1) \| Respond to of 9256

BTW, I just noticed that after the roller coaster of the past two days, the option volatility index is DOWN 2 points today. Isn't there a theory that falling volatility presages a change in trend??

To: Pierre-X who wrote (2701)	3/6/1998 8:11:00 PM
From: Frodo Baxter	Read Replies (1) \| Respond to of 9256

>Right now I'm about 10:1 Long:Short. Really??? You been making bearish squeals for as long as I can remember? What significant positions do you have, anyway? ELNK: Don't you dare short this sucker. You'll regret it, trust me. MU: Can't figure this one out. Something holding it up, but no idea what? Fundamentals stinko.

To: Pierre-X who wrote (2701)	3/6/1998 8:38:00 PM
From: Yogi - Paul	Read Replies (2) \| Respond to of 9256

PX, My 65% cash reference was to the technology portion of my portfolio. Luckily, the majority of my holdings are in GE, MRK, F, sector funds, and S & P 500 index. Granted, GE and Merck are desperately overvalued but I won't sell GE until Jack gets hit by a bus ( He is retiring relatively soon but will still wield influence). Merck is a hell of a demographic play. Ford, I caught lucky. The rest balance my portfolio. My one and only in tech is Unisys. As for shorts, I'm not smart enough and I know it. irthrifty