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Technology Stocks : IDTI - an IC Play on Growth Markets -- Ignore unavailable to you. Want to Upgrade?

To: OldAIMGuy who wrote (9507)	9/1/1998 2:23:00 PM
From: Rob S.	Read Replies (2) \| Respond to of 11555

That makes some sense - I think it is more likely to be choppy before the holiday but will not plummet that much from here ahead of the weekend. I think buyers are coming in to pick up shares now. The volumes are very high but the market is holding up. Many of the more volatile glory stocks are continuing to take a beating - the inet sector. I expect that selling to subside - some are already starting to gain ground: AOL, YHOO, INKT while some others are still under selling pressure: AMZN. I am selling puts on some inet, communications and silicon companies in hopes of catching the high implied volatility. If the stocks either trend sideways to modestly down or better, the options will expire worthless or at least be profitable. At worst, I pick up some companies at prices I would like to own them anyway. I will probably trade in and out of them before they expire. Not yet ready to go long directly or through buying calls but am considering it. Next week may well mark the low for the market but it's not clear whether that will be the height of volatility and options premiums. That's OK anyway because I will just load up more positions. This will be a traders market where it is better to be satisfied with a 30% gain rather than hold out for 2x-3x type gains. It's safer to make several trades at 20%-30% than it is to try for the golden ring.