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Technology Stocks : VLSI Technology - Waiting for good news from NASDAQ !!! -- Ignore unavailable to you. Want to Upgrade?

To: Dawgfool who wrote (5180)	2/11/1999 12:06:00 PM
From: otter	Read Replies (1) \| Respond to of 6565

I'm looking at a six month chart. Here is what the otter version of a crystal ball says to me: 1. There is a strong parallel between price, bollinger bands, and stochastics with what happened last October/November. Then, as now price was weak, stochastics were in the pits but with a slight upward tilt. Any movement outside of the bollinger band met with a swift retreat. Then..... movement. Another way to look at it is that VLSI has been trading in a channel bounded on the low side at around 10 and on the high side at roughly 13 1/2 since late last fall. So.....???? Time to buy more?

To: Dawgfool who wrote (5180)	2/11/1999 12:56:00 PM
From: OldAIMGuy	Respond to of 6565

Hi DF, It looks like we have to go pretty far out in the future to get much in the way of premiums. I usually don't sell any Puts or Calls unless I can make about a buck premium net of commissions. Not much room out there. About as close as I can see is to maybe sell some Put contracts at $10 for April. With my methods I could sell four Apr. $10 Puts and take the change and head out for dinner. Then if mid Apr. rolls around and I end up buying those share, it's not all bad, because I'd buy them anyway at that price. Sort of a Win/Win other than the fact that I'd love to see the share price about 50% higher than that!!! I'm sure there's others here that have much more experience at options than I. They are just a bit of gravy I get once in a great while. Thanks for bringing it up, however. Best regards, Tom