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Technology Stocks : INTEL TRADER

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To: Berney who wrote (3752)9/1/1998 4:05:00 PM
From: MonsieurGonzo  Read Replies (1) of 11051
 
Berney; RE:" back from the brink... "

...consider the folks who sold yesterday {sigh}

well, the ADR's I bought yesterday, SAP NOK.A ERICY are making out like bandits so far. The weak USD has kept the EWG Germany and EWQ France EuroWEBS from going down as much as their respective markets have (in local currencies) in the last few sessions.

This morning I executed my last 'buy programme' in the financial sector, and will sit on these in my core, in lieu of a sector fund or index option. The stocks I picked are CMB/STT AIG/GRN MWD/DLJ/MER, and they represent about 15% of my kapital. I am 25% invested, overall.

DRG.X remains my favourite sector for scalping these oversold / technical bounce situations, and I was tempted to do so this morning with DRG.X calls, but didn't have the energy to play trader. You gotta go with at-the-money CALLs (when VIX.X / PREMs are so high) to scalp those index options.

I remain uneasy about the fundamental soundness of retail.

Still holding F in the trading account.

-Steve
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