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Strategies & Market Trends : Intraday Updates, Analysis & Strategies for Daytraders

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To: Dave Gore who wrote (401)	3/16/2001 9:28:41 AM
From: Dave Gore	Read Replies (1) of 589

Futures are bouncing and falling and don't seem to know what to do. Inflation numbers are low, so we will have no problem getting at least a 50 basis point cut, maybe 75, next week. Market is weak at the open and uncertain how triple witching will affect it today. Some options, probably most, have already been rolled over into April or June. We will fall pretty hard at the open and then we'll see if we get a rally later today or next week. ADBE is doing great, but ORCL had a couple re-iterations and a couple downgrades so my "mini" gamble will likely not pay off on buying ORCL and VRTS afterhours yesterday, not at the open anyway. I only bought a 150-200 shares of each, more for fun, but still not fun to gamble and lose. I took it as a calculated gamble and knew it was, so I will take a small loss of a few hundred bucks if necessary and blame no one but myself and move on, adding it to my experience. Or I may just hold since the position is small and I have so little in my long term hold basket. We'll see. Good luck everyone

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