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Strategies & Market Trends : Stock Attack -- A Complete Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Judy who wrote (7631)	4/19/1998 3:58:00 PM
From: Darth Trader	Read Replies (1) \| Respond to of 42787

Judy, I remember last Fall, I think it was you, that mentioned about selling naked calls in tech stocks that we like. If the stock moves away from our position, it would actually be a good thing because we would like to own them anyway. I am looking at INTC, I feel if the stock goes to $100 next Jan $120 would not be far away. So could a trader write naked $100 Jan puts and buy Jan $110 Calls? What would be the risks? Thanks! Don't tell me I need to blow the dust of my copy of Options as a Strategic Investment by Lawrence McMillian? gggggggg

To: Judy who wrote (7631)	4/20/1998 11:56:00 AM
From: Robert Graham	Read Replies (3) \| Respond to of 42787

Thank you for your market analysis, Judy. Have you seen any evidence yet of the funds moving their money back into the market, even though they may wait until additional earnings reports come out before stepping up more aggressively to the plate to purchase stock? They must be doing something given that the funds now have $37 billion they have received last month. I see the semis are performing per your earlier analysis. I wonder if money is beginning to move back into the techs? If this is the case, I wonder where this money is coming from? Perhaps the public? Or are the funds moving their money back into select tech stocks now that some have been meeting or exceeding their earnings estimates quelling the anxiety over the Asian issue. Of course it goes unnoticed that there are companies that have been reporting flat or significantly reduced year-to-year earnings growth this time around. Bob Graham