Play It On Paper- Clappy's Newbie Option Thread Message Board

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Pastimes : Play It On Paper- Clappy's Newbie Option Thread

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To: Perry Ganz who wrote (137)	8/10/2000 6:22:47 AM
From: Clappy	of 176

We headed down clappy???? I hope so. I'm sitting on mostly cash and it's burning a hole in my pocket. I'm hoping that the Naz dips back down so I can load up on all my favorites. CSCO's good news wasn't enough fuel for the Naz. I think we will dip. However, unless there is a real fear of interest rates rising, I don't think we will test the May lows. I would like to see a drop back down to the 3500 area. Looking at the Naz chart, I see the 20dma, the 50 dma and the 200dma sitting directly above us. We hit our head on it yesterday but there wasn't enough volume to break through. If we break through this barrier with volume, I may go back 100% into stocks. Otherwise I will wait for a drop. I'm hoping BRCD, JNPR, RMBS, JDSU, CREE, and several others dip 10% - 20%. -ClapOff

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