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Technology Stocks : INTEL TRADER -- Ignore unavailable to you. Want to Upgrade?


To: Jacob Snyder who wrote (3902)9/13/1998 3:18:00 PM
From: smolejv@gmx.net  Read Replies (2) | Respond to of 11051
 
Maybe there's a method in buying these kind of puts namely:

a) theta is practically zero
b) remains the underlying and the volatility

Means you may have the freedom to pick the moment and sell the stuff to the lemmings whenever/if a minor/major meltdown occurs without any time penalty. Question is just what kind of lemmings buys this stuff. Lemminginida O'Neilli (g)?

DJ



To: Jacob Snyder who wrote (3902)9/13/1998 11:23:00 PM
From: John O'Neill  Respond to of 11051
 
>>Are you expecting a depression in the U.S.? What company are you expecting to challenge INTC's ownership of the CPU space? <<

There is a fair chance were can see a major global recession and or deflation. We could see a steep decline ..one that would take INTC down to $40 ( and GE down there also)..I don't know how long you have been in the market..I've been there a long time.

I want a hedge against my long positions...if INTC goes up over the next year, great...I'll make $$$$ from my longs. My greatest concern in the market is the banking sector and possible liquidity problem. God only knows what derivatives, ect are out there. Trust my, in a liquidation phase you would be amazed what big cap stocks fall & how fast they go.

I have already done well in the last 2 months with puts on KO, MCD,
Gillette, Proctor & Gamble and Intel puts. I sold those on the day the Dow decline 500 pts. Check the SI threads & you will see my posts before well the fact. They REALLY got on my case on the Coca Cola "will it always go up thread"

My INTC put expire after the Jan 2000, & the mraket may be nervous about year 2000 concerns at that time..
My biggest holding long is in the data storage/backup area.

Good Luck....NOBODY knows what will happens in the next 1 1/2 years in the market....