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Technology Stocks : INTEL TRADER

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To: MonsieurGonzo who wrote (9008)2/17/2001 11:40:55 PM
From: Berney  Read Replies (1) of 11051
 
Re: The Phleet Cargo

I saw those new OEF thingies a couple of weeks ago. I really do believe that they will become the investment vehicle of choice as I hold that the Big Boyz rule! Anytime I look at the charts and see both the Drugs and NDX sell off, I got to feel that all is not well in the land of OZ.

As TM has mentioned, we really believe that all these puppies are connected at the hip. I really expected a drop in the Drugs, but Friday was brutal on the limited input from SGP, which I consider to be the AA of the drug sector. I can only state that I hope that Mr. Market kills them because I want another chance. I admit to being greedy.

I did buy 3000 WCOM on Friday for the Phleet with a GTC order. Being a very ungreedy type of Dude, I'm only looking for a move back to the down trend line. I do keep looking at that gap at about ~$14 and feeling very uncomfortable (I'd love to hear stories about gaps that did not get filled), but this is a minor Phleet investment. At about 80% cash after this minor break in avoiding the company specific news, I think I can wait the move ??? Got to love that Dogi Ju Ju thingy on Friday!

Just A View from the relocated Swamp (for a very short duration).

TB
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