Christopher, today was a fantastic day if I would just take profits...
But I will play this strategy to the end...That strategy is to methodically take profits at designated trigger points once the market breaks 7600.....One more crisis in Asia, Clinton impeachment proceedings, Japan pulling money out of the U.S., I don't know which one it will be, but I am ready for battle....Here are my open short positions as of today...Looks like my timing on CSCO, AMAT, and CLST was excellent....
ATLI
CLST
LRCX(the profits I have on this right now are mind-boggling)
AMAT
CSCO
ITRI
BFIT
IMCC
XYLN
NVLS
CREE
INTS
ORG
HMTT
INTU
As always, when I get a bit confident the market brings me back to earth....MDCO displayed some good strength today on the CEO's comments....However, I guarantee you if this stock gets ever back to the 22.50 area, I will be shorting it big-time....My target of 13.75 remains, but looks now like I better give it my March 1, 1998 deadline, rather than look to grab those points now....
Regards, Mark |
