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Strategies & Market Trends : Technical analysis for shorts & longs
SPY 662.72+0.4%4:00 PM EST

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To: Clint E. who wrote (15833)5/4/1998 10:43:00 PM
From: space cadet  Read Replies (3) of 68115
 
Hi Clint,

Don't give up. There's a lot of stuff you can do with yourself if you are master of your own domain. Anyway, I haven't been active with the market lately, as I don't seem to have any good feel for it these days. I think it is definitely heading above 10k but I wanted to see some kind of pullback first, which never really came. As a result my calls all have covered calls on them, and my position is really boring. The only uncovered options are some amd puts that I have. I don't know what keeps that stock up! I also am planning and partly have executed a very complicated long and short option position on msft. Basically I am hoping that msft does nothing till may options expire and then msft heads northward. Does that seem reasonable to you? For that matter do you have any overall feelings about the market's direction now? It seems that a lot of the exciting action is now in the tiny cap action, with some of those stocks doubling within hours. It's frustrating because I am gunshy and I haven't caught any of that action, though I've read alot about the success here at SI. Have you played any of the cheapo momentum stocks lately? Also I'm considering zona as a short at some point, as I think the viagra hype is starting to die down.
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