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Strategies & Market Trends : The Amateur Traders Corner
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To: Dale Baker who wrote (2358)10/22/2000 10:38:58 AM
From: Tom Hua  Read Replies (3) of 19633
 
Dale, thank you for having been a valuable contributor. I hope we'll hear from you a lot on a stock that you already have gathered substantial amount of information.

For next week, I'm carrying a significant long position on STEC for earnings and coverage. All my shares were purchased between 7 and 7 1/2. I'd appreciate your read on the company if you can find the time before Tues night because I hope to be on the CC Wednesday morning.

I've significantly adjusted my portfolio in favor of the long side last week. The short-to-long ratio in my portfolio came down from 2.5 at the start of last week to about 0.8 now. At 3500, I don't see much upside for the Nasdaq through the end of Nov. I suspect we'll see some consolidation next week. For as long as oil prices remain at lofty levels, stocks will continue to be pressured.



Regards,

Tom
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