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Technology Stocks : VLSI Technology - Waiting for good news from NASDAQ !!! -- Ignore unavailable to you. Want to Upgrade?

To: Clarksterh who wrote (3768)	6/30/1998 6:08:00 PM
From: Kevin Hay	Respond to of 6565

re: <<My point was that all of the calls that were written had to be written by someone who thought the stock wouldn't go up much above the strike price. So, the question is who is right, the buyer or the writer?>> In general, volume shows conviction. I take today's option activity as bullish. Here's a test: who's got more to lose, the writer or the buyer? the writer may lose a bit of profit, but the buyer can lose it all. back long at 16.75, hoping I don't 'get to' average down again cheers -Kevin