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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 676.41

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4:00 PM EST

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To: marginmike who wrote (68472)	2/3/2001 7:26:46 PM
From: Stephen M. DeMoss	Read Replies (1) of 99985

Marginmike, I respect your input since I know a bit of your past sucessful history (in the markets). I agree too that it has been frustrating trading in this market. I shorted Sebl the other day, it hit my buy stop and proceeded to retreat 15 points over the next 2 days! I keep getting stopped out with the volitility and when you buy companies with great charts, they pre-announce or something and they collapse on you! Or they come out with great earnings like Sebl and give up 25 points after initially moving up strongly! So does one stay in cash? Sell calls in the money? Buy puts (darn expensive on the high Pe companies. Note: I bought puts on Brcm last summer. After a 20 point drop in one day, I only made $3 on the trade. I was at the money too!). Shorting (without stops) is dangerous with surprise announcements etc like the fed. What does one do? Wish I could just buy Sebl or Jnpr here without fear it will trim another 35%+ off. Additional thoughts are always welcome! Steve D/

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