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Strategies & Market Trends : Stock Attack II - A Complete Analysis

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To: Challo Jeregy who wrote (24684)11/24/2001 1:19:32 AM
From: Lee Lichterman III  Read Replies (1) of 52237
 
Thanks for showing up. I have just seen too many disappear off SI as I said in our PM and wanted to check and see if you were OK.

I don't know how but I got filled on that Senior citizen stock I wrote about earlier even though I don't show it coming within 10 cents of my bid after I put my order in. I guess the MMs liked me or something. -gggggg-

As I wrote you in the PM, I know what you mean about trading right now. It is a mess. PLay teh greater fool game and throw out FA or stand aside. Too much input is really messing up things right now since prices are so far out of whack. This is a time for just pinching your nose and riding up stops or else standing aside.

As I said in my PM, I am in nothing but 10% or better yielding stocks now. My ripple playing is more by timing these things than anything more risky. Other than my new portfolio of core holdings, I have been jumping in and out of BPT playing the Russian "will they cut or won't they" game for the last week and that is about as risky as I have played.

The risk gets higher with each uptick in the rest of the market but I was shooting some charts Last night and had one scenario where we could actually go up another 300 points on the NDX and about another 150 on the SPX or so. Time wise, I am still targeting mid December as the turn time though the biggest turn date is in the spring. I am just hoping the spring turn is a low as I don't think I could keep from giggling if we went until then as I contemplated shorting a run that long. If I walked around work with a grin on my face that big, they would probably have me sent to mental health for an assessment. -gggggg-

Anyway, have to get back in with the family. Just wanted to answer mail and posts so I could relax a bit tomorrow.

Good Luck,

Lee
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