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Technology Stocks : Cymer (CYMI) -- Ignore unavailable to you. Want to Upgrade?

To: pat mudge who wrote (17730)	5/23/1998 7:11:00 PM
From: Sundar Rajan	Read Replies (1) \| Respond to of 25960

Like most investors I like going long rather than short. But I am realizing painfully that you have to play both sides with tech stocks. Look at CPQ, INTC,TXN,PSFT and others. For the first time I sold naked calls on Dell last week and bought back those calls with a profit. Returns were good but not as good as going short. I am planing on repeating this technique around earnings time when there are abnormally high premiums on out of the money calls. I also sold May 30 calls on Cymer just before earnings and collected a measly dollar while the stock has gone down almost $12 since its recent highs. I should have shorted against the box. Must have been a huge winner for those who shorted it.