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Strategies & Market Trends : Options

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To: mtnlady who wrote (7296)5/4/2000 4:15:00 AM
From: PAL  Read Replies (2) of 8096
 
Mtnlady:

Thank you. What do you want to talk about? I do not have anything to contribute due to still waiting on the sideline with almost all of them in cash since early April. My view is that after May 16 the market will recover. Right now the put call ratio (a contrarian indicator) is still showing a bearish climate, hence I am not jumping in the water. Wait for the falling knife to hit the floor, let it rattles, and only then to pick it up.

While last year the winners have been companies with a "promise" of good future but lacking earnings, I fell that 2000 will reward companies with solid performance although they are not that exotic. That is why I would stick to CSCO, EMC, INTC, all proven companies. And for strong winners I would choose QCOM (ATT is dead and AWE will sooner or later follow) and JDSU and BRCM.

Good Luck Investing

Paul
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