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Bill_ban

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Bill_ban

Re: Bill_ban post# 265173

Friday, 07/02/2004 3:51:34 PM

Friday, July 02, 2004 3:51:34 PM

Post# of 704019
SMH the hedge would be the SMH July 35 puts SMHSG ($0.50) and build on the winning position on Tuesday. There is no safe way to hold semis over the weekend and even with stops you might get a gap down way below your stop! I'm holding shorts in ADP C and CTX which were posted and picked up (ADP at the PAYX earnings report)
You'd have to be pretty naive or just plain inexperienced to hold semiconductor and techs long over this weekend on the unfounded expectations of EXPLODING PRICES THROUGH JULY EARNINGS. The market is capable of moving much lower by July expiration so what do you do? hold it and forget it?


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