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Strategies & Market Trends : Group Therapy

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To: Duane L. Olson who wrote (3049)2/15/2001 1:18:44 PM
From: country boy  Read Replies (2) of 4564
 
Hey DLO and E:

You two Nay-sayers aren't convinced, huh? We'll see. But rallys like this after a week of back sliding are sure what trading is all about. Unfortunately, I'm missing most of it as I already took what little profits I had.

The good volume today and continued strength at every pullback lead me to think this is real. We have a continuation of strength in the semi's, and an apparent turn around in the opticals. Lots of side line money has been waiting and I think we're seeing it come in. I've tried all morning to get more ISSI and IDTI on a decent pullback and they won't do it. Most of the ones I follow are sitting well above the gaps from this AM.

IF, IF, this is a resumption of the recent rally and I'm playing it like it is, keep in mind the expiration day tomorrow that should pull back a few stocks for new entry points.

Duane, how much are you in at the moment after those sells?
I'm still 80% cash and don't like it.

cb
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