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Non-Tech : S&P Midcap 400 Portfolio (^MID, MDY)

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To: Londo who started this subject5/2/2001 3:49:29 AM
From: Londo  Read Replies (1) of 181
 
Still concerned that the market will fall, mainly because the ^VIX is falling like a rock.. I would love to see a 10-15% correction. Considering the Nasdaq is up a whopping 34% from its lows in April, there is bound to be a pull-back, with a supplementary increase in ^VIX.

A good "buy point" would be when ^VIX reaches around 33-34.

I am tempted to take profits here on biotechnology, which has made a HUGE tear up lately:

- Place order to sell ONE HALF (12 shares) of PDLI if the common stock trades at $60, or $70, whichever comes first. This order expires Friday, May 18th.

- Place order to sell ONE HALF (41 shares) of INCY if the common stock trades at $15.50, or $18.50, whichever comes first. This order expires Friday, May 18th.

- Place stop loss order to sell ENTIRE stake of CORR if the common stock trades at $27. This stop loss order expires Friday, May 18th.
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