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Strategies & Market Trends : Z Best Place to Talk Stocks

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To: Triffin who wrote (52664)	12/23/2004 12:28:09 PM
From: DanZ	Read Replies (3) of 53068

I'm taking some profits before the weekend. Sold QQQQ at 39.86 effectively removing the hedge for my RYVNX. I think that we'll see a market pull back after the Christmas rally has run its course (soon), but the markets look good for a further rally early next year. My plan is to sell the RYVNX if we get a dump and buy back the QQQQ or RYVYX. And then again, I might be wrong and the market could obviously going up with no pullback. Sold 30% of the BHE that I bought yesterday. It's up 80 cents so far today. Yeehaw on that one! Bought a little FLEX...I feel as if the stock was hit unreasonably hard in sympathy with SLR, who reported a weaker than expected outlook. If anything, SLR doing bad is good for FLEX as Flextronics is probably taking market share from SLR. I was actually short FLEX at 14.65 the other day (200 day MA play), but covered and went long. FLEX is the best of the EMS companies. SLR is by far the worst. I like JBL second to FLEX but the stock is too expensive and I'd rather short rallies in it. Any weakness in FLEX due to a sell off in SLR is a buying opportunity in my opinion. The only caveat is that Flextronics will report their earnings on Jan 25. I think that's still too far off to play significantly in the stock. Sold all SISI 3.92 to 3.94. Had big size there, so Yahoo! Have a wonderful and safe holiday, everyone! Dan

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