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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank

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To: Jenna who wrote (15337)9/22/1998 8:01:00 PM
From: Jenna  Read Replies (2) of 120523
 
e-mail: RON and HAL..Puts on downgrades...
Usually when I hear of a major downgrade before the open as I did today on CNBC for RON, I don't plan to short or buy puts on the same stock, it's futile.. Best thing is to buy a 'leader' in the same sector because they usually go down in sympathy. It doesn't always work, but then I only do it with very select sectors like large banks (CCI), the airlines (ALK), and oil service (HAL) and the semis (VTSS, MXIM)... HAL reacted very well today as I 'bagged' the puts right near the open
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