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Gold/Mining/Energy : Canadian Position Trading-looking for technical breakouts.

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To: Shack who wrote (90)9/20/2000 6:59:18 PM
From: Shaw  Read Replies (2) of 128
 
Good job!! I noticed the biotechs were the only sector up when the NAZ was off 70. Seems to be a good place to have some cash. BRA looked great all day! Nice return on those calls.

Yep, the NAZ moving nicely and then staying into positive territory was an amazing sign, imo. At 11AM I firmly believed we were in for a 100 point loss!

Hmmm... I think I may go to work tonite and look for some calls. Maybe some NT 130's or CSCO 70's?? They've been beaten up, and an OCT rally could put those in-the-money.

Still holding my 5 RIMM puts, tho, cuz I am not very convinced. Only $500US so no biggie.

Any other techies you see that look oversold that may be a good 1 month call hold, if the NAZ does do the 4,200???
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