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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?

To: yard_man who wrote (16598)4/15/1998 10:54:00 PM
From: Jason Ghionis  Read Replies (3) | Respond to of 94695
 
I don't know about the internet exploding but what about October OTM puts on AOL and YHOO? Technicals still indicating more strength near term but going out 2-3 months they're very bearish. Overbought signals off the scale. Other candidates are AMZN, XCIT, SEEK and LCOS. I'll be checking the options on those tomorrow.. I know the premiums on AMZN are at insane levels (70%+ impld) Also found the comments on the SOX interesting. I think we could see some weakness there in the following weeks... Any names out there that may be more sensitive than others to a decline?



To: yard_man who wrote (16598)4/16/1998 9:05:00 AM
From: Hiram Walker  Read Replies (1) | Respond to of 94695
 
Tippet, it has happened,albiet only in small areas. Remember the domain name problem that shut the web down? Now this week AT&T collapses,losing millions of dollars for companies that used them on-line,like my company. THe next thing will be the big Kahuna of internet meltdowns. Hey, I am beginning to feel that I should screw the web anyway,and go outside and see the sun,go running,and sailing.
Hiram


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