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Strategies & Market Trends : Z Best Place to Talk Stocks
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To: Ron McKinnon who wrote (22846)4/1/2000 1:50:00 PM
From: Ron McKinnon  Read Replies (1) of 53068
 
this past week was a super one for trades (only if you took seasick pills) and a so-so to terrible one for holds, depending

my sense is that the massive shift from the NASD to the DOW, from "new" to "old' may have about run its course

the Dow made a super run from the 9700 lows to 11200, a 15% pop; then sat in a tight 10900-11200 range all week
unless Monday brings in buyers it looks more down from here to me than up

the NASD has done two swings:
4300 to 5100 back to 4500 up to 5050 and back 4400
my read is back up but this time it may not be straight up and fast like before
so many have been burnt

the bio's (BBH)
ran from 130 in Jan up to 240, +85% in a month
too much, too fast
fell to 160, -33%
did a double bottom this week
bio's look up from here but again my read is not as high and much slower with a lot of backing and filling

as always I'd stay with the top tier companies and leave the crap alone

in my trading account, for the week I was up 13%
90+ plus from shorts
am 66% short and 33% cash this weekend

for my hold account I began a shift from "old" stuff and big cash to my initial leg ins in "new" stuff
for the week I was down 1.1% or basically flat
am:
34% cash
23% financials
4% bios
5% old tech
11% generals
4% misc
19% new tech leg ins

hope this helps
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