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Non-Tech : Invest / LTD

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To: Lucretius who wrote (1878)8/18/1998 11:10:00 AM
From: Thean  Read Replies (2) of 14427
 
LT - I understand you are talking with your gut and not not head. Remember last time when you bought calls to hedge your shorts and puts? How would that situation not return this time? DELL will not disappoint and they may even put in a few comforting words of business going forward. Techs and parts makers may continue to rally tomorrow. I don't think we know for sure at this point.

Looking at the breadth of the rally, a lot of those beaten down stocks are staging a rebound. At this point they are all technical rebound. Only if the current rebound can demonstrate sustaining power will it become a trend. Therefore, I am very cautious here and selectively putting a few companies that DO NOT participate in this rally today. I have identified KMB and PPG as two who are not participating so far. KRB and AFS are rallying and I will watch to get a better entry point.
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