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Technology Stocks : INTEL TRADER
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To: Trading Machine who wrote (6240)7/8/1999 5:24:00 AM
From: Berney  Read Replies (2) of 11051
 
TM, I'm not impressed!!

I was really impressed with the organization that thought GE was such a great buy that they bought 993,500 shares after market at $117 15/16. That helps explain why the vast majority of mutual funds cannot achieve an Index rate of return.

For the dudes, TM & I are very short and very short CSC. However, that can last about a nano-second (and probably will).

The spinning top concept applies. TM and I will not do well when the top is spinning. We need a wobble. Further, we need the wobble to honor support and trend lines, which has not been the case the last couple of months. It is almost our turn in the scheme of things.

In the "managed" accounts, I'm still about 94% cash, which is probably a record. I have been looking at "bear" funds that will allow me to take advantage of the upcoming market top -- it might even be spinning.

TB

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