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Strategies & Market Trends : Roger's 1998 Short Picks

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To: Jim Goodman who wrote (18593)5/24/2000 3:11:00 PM
From: Jim Goodman  Read Replies (1) of 18691
 
hi, Roger et all, following up as promised: as tons more previously put Techs have been falling to/towards their initial/secondary support levels, around their 200 DMA's (and, in some cases, 50 DMA), this a.m., we recommended taking many more Puts gains down here, going to sidelines, and, in some cases, also actually 'picking' at some fallen Techs long near today's lows, with close stops below.... been another real good period for us, and if I can help anyone interested in learning how to do the 'downside' well, am happy to help if I can....note how many Semis fell right to their 200 DMA's today....meanwhile, our 'old economy' stocks, like, Util., Food, Bev., Health-related, have continues to rise....neat....some longsiders did also breakdown for quick, small losses, as usual, along the way....which helped our Puts show their weakness, dig ? I just wanted to make sure you knew we were recommending lightening up big-time, in many Puts today....
I may not be able to post again for a while, so best wishes to all, glad I helped,
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