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Strategies & Market Trends : Stock Attack -- A Complete Analysis
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To: Terry Whitman who wrote (34337)10/30/2000 8:50:31 AM
From: Lee Lichterman III  Read Replies (2) of 42787
 
>>when it's decided next week. Relief Rally. I don't think it matters to the market Who wins either.<<

I agree that there is a good chance of a relief rally after the election. As to who wins, I do think it matters to some degree. If gore wins, I would look at tech bouncing but that Drugs could be weak. After all he invented the internet, and the PC and the wrist watch and.... <ggg> However he is anti business and would like nothing better than to be seen as the modern day Robin Hood. He wants Biotech to foot all the costs os research and Development then to have the actual drugs either given away or the formulas given to Generic drug makers to sell cheap.

Dennis, thanks for the heads up. And thanks for the "present". It just arrived.If futures keep dropping, we may get flat after all. We just exited the buy program area and are now moving closer to fair value so now anything is possible.

CSCO was downgraded by LEH this morning to a target of 65 on uncertainty of the customers. I priced a straddle on them this weekend but premiums were too high IMO. 5 bucks either side so it would take a 10 point move to break even unless you could exit the losing side quick enough.

Good Luck,

Lee
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