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Strategies & Market Trends : The New Millenium Portfolio
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To: Jorj X Mckie who wrote (178)1/24/2000 8:34:00 PM
From: John Pitera  Read Replies (1) of 540
 
Ok so we have EMC and INKT, with EMC it will have to get all the back to within a few dollars of it's 200 dma at 71 to buy all the position, I would say, Since we are dollar cost averaging over 4 months we could easily see that(a return to the 200 dma) as we were within shouting distance of the 200 dma in Jun AUg and oct of 1999.

so you have commenced the process, I would say we would need a pullback to the 50 dma on many of these extended stocks to be forgoing dollar cost averaging and buying much larger amounts than the monthly allocation. buying at the 110 for 1/4 of the position is doable as we need to buy some this month anyway.. can you see where I am going with this thinking?

we'll plod along with narrowing the field.

I'll take CSCO or EMC so that is cleared up.

I'll also put CMRC on the team

we have :CSCO, CMRC, INKT, EMC

actually I am surprised you went for inkt so early, but it's fine with me.

Mike picks next.
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