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Technology Stocks : Cymer (CYMI) -- Ignore unavailable to you. Want to Upgrade?


To: Rob C. who wrote (20500)12/23/1998 2:58:00 PM
From: orkrious  Read Replies (1) | Respond to of 25960
 
Absolutely great reading from the Intel thread re semi spending from The Street.com.

exchange2000.com

Jay



To: Rob C. who wrote (20500)12/23/1998 9:18:00 PM
From: zturk  Read Replies (2) | Respond to of 25960
 
What do you mean you're confused ? Zeev said this stock could either go to 12 or to 25 !!! ( sorry Zeev, I don't mean to be sarcastic, but I thought that was funny. )
Hope to see 25 or higher.



To: Rob C. who wrote (20500)12/23/1998 10:42:00 PM
From: Mark Ivan  Respond to of 25960
 
Robert,

The key here I think is big movement. This suggests a straddle, of which I never did like. I hate paying time premiums, I love selling time. I think is always better to buy the stock outright and by protective puts, using them to reduce your cost basis if the stock tanks. If the stock takes off, the loss of premium on the puts is small. OF course you lose if the stock holds current price.

I am at a loss what to do myself. My better side says to sell the Jan 17.5 calls sometime next week (If I can get 3/4 to 1). My greedy side says the moment I sell the calls, the stock will skyrocket. I see 20 in the cards, but not 25. At any rate, I am going to watch a bit more to see if we break 17.

Good luck

Mark