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Strategies & Market Trends : Tech Stock Options -- Ignore unavailable to you. Want to Upgrade?

To: Jerry Olson who wrote (37263)	3/24/1998 6:22:00 PM
From: joe smith	Read Replies (1) \| Respond to of 58727

thread, we will be up without a doubt tomoorrow with msfts announcement. 9000 is a memory. tommorow will be huge. this is going to kill some of my shorts, but is looking like a blow off top to me and we will come down a lot faster than we went up. i would never short msft, but who is buying at these prices and why? in after hours announcement they said they were ahead of estimates and were looking at 48 cents instead of est of 44 cents. revenues would be up 17-18% over last years qtr. ok, thats the news now lets pick it apart a little. growing 18% a year with a pe of roughly 60 based on after hours price of 88 1/4. i for one consider that overvalued. when donald runs his program after the close we will be so far overbought that it will be off the scale. js

To: Jerry Olson who wrote (37263)	3/24/1998 11:23:00 PM
From: Electric	Read Replies (3) \| Respond to of 58727

OJ, I know you are still bearish on Techs, for how long I am not sure, I read one of your posts about a rebound late this year and next for the losers so far this year and I agree. If I were to enter a tech, it would be a CPQ leap, say a Jan 99 or 2000 with a strike of 30-35, that may make someone a mint on for some one.. Or AMAT or even if DELL moves to the 50's I am in that too.. Anything else but the big boys is a risk I am not sure I can take for a while.. Whatever happened to CYMI?? That stock used to roll!!