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Technology Stocks : CYRIX / NSM -- Ignore unavailable to you. Want to Upgrade?


To: kash johal who wrote (30678)12/16/1998 6:07:00 PM
From: Joe NYC  Read Replies (2) | Respond to of 33344
 
Kash,

Well I got spooked today and sold Jan 99 $20 calls

I think it is a good move whether or not you are spooked. I don't think NSM will be north of $20 in January.

Anyway, my opinion, the air strike, impeachment and even conviction by Senate are relatively minor compared to the threat of deflation, banking crisis in Japan, financial collapse in SE Asia and general collapse in Russia.

I think there is a better than 50/50 chance that we will have a slowdown in '99, even a recession regardless of what happens in Washington.

Joe