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Strategies & Market Trends : Z Best Place to Talk Stocks

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To: Larry S. who wrote (16176)9/6/1998 6:15:00 PM
From: Ron McKinnon  Read Replies (1) of 53068
 
random stuff

kind of glad I'm taking this market break
reading things and looking over charts I can't get any kind of a solid read

I'm sitting on my holds
bought some DELL at 105 1/2 on Thur; looking for a post split 10% this next week
in a tad of BKB Fri at 35 1/4 I have still been flipping this for modest gains every few days as it falls and retraces some

oils service stocks, may be a bottom, may be a head fake, or may be a new low trading range

da banks, not sure but very attractive for longer term holds

da techs; not a clue for now but why not some of the top tier on dips?

GCO I've continued to add 1000 on each 1/8 drop from 5 1/2 and flip for 1/4 or so on price pops
sold some NITE out the other day and may reload some in the 7 area

no real input; no strong feelings

Fishing report

Thur
80 degrees calm seas
2 big sharks
1 tuna hook up, pulled hook in 20 minutes

Fri
decent seas
1 monster shark, thought it was a tuna at first; stupid fish came back twice to mess up our gear after we let it go
so "educated" it with a shotgun
1 tuna hook up, lost after 25 minutes; pulled hook

Sat
25 knot winds out of the West
6 foot seas; some rollers to 8
few boats out
nasty and nutso conditions

tuna hook up; lost in 10 seconds
30 seconds later, 2 nd; lost in 20 minutes, broken line
finally landed one at 1:30
fish came by the boat after 1/2 hour; gave a good harpoon shot
I missed the first try but the dumb fish stopped in its tracks and gave another chance
quick consider the size and sea conditions
fiah must have wanted a free ticket to Japan
600 pounds
484 dressed out

price = 1 5/8 on a 1000 share lot
not good but ok considering the $/Yen and low fat content

trying again Mon and Tue if the seas calm down

good trading to all; be patient
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