Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Non-Tech : Invest / LTD -- Ignore unavailable to you. Want to Upgrade?

To: SJS who wrote (7218)	2/9/1999 12:54:00 PM
From: Thean	Read Replies (2) \| Respond to of 14427

Steve and Mike, GALTF - it seems that as long as the semi continues its selloff, GALTF will continue to feel its pain. The chart says $18 is a support area but that also depends on the extend of damage from its lower BB. If it keeps its surf downward, $18 can be taken out with ease. A better way to go long GALTF I think is to sell its puts. If it breaks down to $18 within a day or two and holds, one can sell the Feb 20 put with the intention to own the stock. It may still have about a $1 premium by the time it's in the 18's (based on its premium yesterday when it was in the 21's.