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Technology Stocks : Texas Instruments - Good buy now or should we wait? -- Ignore unavailable to you. Want to Upgrade?

To: otter who wrote (3835)	6/23/1998 5:57:00 PM
From: DanZ	Read Replies (1) \| Respond to of 6180

The big put volume could be a fund hedging or it could be a fund selling puts because they think the stock is going higher. Either way, it's bullish when there is an imbalance in the ratio of puts to calls traded. Normally more calls are traded than puts because people sell covered calls against long positions. I'm not presently holding TXN but I am holding VLSI and IRF and am very bullish on the SOX and TXN. Best of luck to everybody who is holding this stock. Dan

To: otter who wrote (3835)	6/23/1998 11:05:00 PM
From: Barry Cartwright	Read Replies (3) \| Respond to of 6180

You are using a daily graph, if you look at weekly, graph and use trendless indicators (since ADX line is down) you will note that the stochastic has given a buy and crossed above the 20 line as well. On balance volume is still trending up long term and turned higher short term. Summer tech rally underway, eps estimates for year are being revised upward (at least until december quarter since everybody knows this quarter will be lousy!), no more crap DRAM! I think the worst case upside scenario is 66 before we reach resistance, but even more likely is 70 (100% line of fibonacci retracement). Downside looks like 50 with strong resistance at long term trendline (use exponential graph) but the calls are very expensive so if it breaks just sell them on the way down! Comments would be appreciated!