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Technology Stocks : Hutchinson Technology, Inc. -- Ignore unavailable to you. Want to Upgrade?


To: All Mtn Ski who wrote (1223)4/21/1999 1:03:00 PM
From: Marconi  Read Replies (2) | Respond to of 1487
 
Hello Mr. Toxby:

Please do listen to the CC. I think HTCH management had the tone of cautiously optimistic without making any commitment to any specific performance forward other than watching closely and trying to react quickly. I doubt they would ever want to leave the impression of "figure it out yourself, idiot"--they are beyond that and it would be contrary to their established pattern of PR.

I thought the stock would buoy to the low to mid-20's today. I am a little disappointed to see it sticking now today where it was yesterday. If the stock trades sub-20 for the next quarter, I think the seasonal pickup 2 or 3 quarters out is quite likely. The near options the last few weeks were pretty cheap, reflecting little change in price was expected. If the stock price remains in the doldrums for the next quarter, that should help options premiums to be moderate. In anticipation of a seasonal pickup 2 to 3 quarters out, 1quarter forward of doldrums might be a favorable time to consider levering up with 3, 6, or 9 month options. I am long at least 1K shares, and if doldrums, then may lever up with a few dozen contracts in a few months.

Best regards,
m