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Technology Stocks : INTEL TRADER

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To: Berney who wrote (6203)	7/1/1999 10:15:00 AM
From: MonsieurGonzo	Read Replies (1) of 11051

TB:" buy-on-close " >put some of the charts such as the Drugs and BEL on a one-minute and look at what was happening after the market closed. Amazing ! Following the BerneyPrinciple {grin} I had a large position in a big old turtle named WMT going into yesterday. I heard on the empTeeVee that there was a large number of "buy-on-close" orders, and the RLX.X bellwether / DJIA component WMT was bound to be one of them. I waited and waited, finally pulled the trigger to sell with about 4 minutes to go on the MickeyMouse watch used here at the Gonzo household for critical timing {grin} but, it must have spiked another 3/4 point after I got out of my original 43-1/4 position. WTH, Berney, a +10% profit realized as "free" WMT shares in the IRA (^_^) Didn't fare so well in T. Got out with a dividend (which will be realized as a DRIP) and +3/4 point kapital gain in the CORE. I had puffed up that position (using margin) to capture the DRIP, then bail out on the Record Date, back to my original CORE holding level. So, my trading accounts/activities are all flat again. Have you noticed that, when the NF.X - Financials sector bounces (on news or Fed or something) that the "blue chip internets" also bounce ? I'm a bit concerned about the price of oil... dailynews.yahoo.com -Steve

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