Working All Day, But Trading Behind the Bosses Back Thread Message Board

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Strategies & Market Trends : Working All Day, But Trading Behind the Bosses Back Thread

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To: Jimmy Dell who wrote (84)	1/24/1999 8:15:00 PM
From: Mark[ox5]	Read Replies (1) of 779

Thoughts going into Monday/this week. Key Dates for Internet sector (please add any if you know) 1/26 - AMZN reports Tuesday after bell 2/08 - YHOO splits 2:1 2/12 - BCST splits 2:1 sometime before 2/9 NAVR should announce its IPO.. it could be tommorow after the bell as that is when its earning report is. Downside on NAVR is roughly $14 as that is its 20 day moving average and has not broken it in over 3 months. So its a good risk reward ratio. I will probably enter that one tommorow if it doesnt gap up much in the AM, if not I'll wait for some lull in the action. And I will exit on the formal announcement (buy rumor/sell news) Shorter term plays: Playing YHOO Feb 270 Calls for the split... Own CMGI March 70 Calls because they were on sale Thursday (cheap as heck) Playing BCST... maybe sell tommorow, maybe keep Probably won't touch AMZN because not sure how it will react with the earnings AMZN & YHOO... very important to watch for sector health. Both have bounced off 50 day moving averages, and currently sit right BELOW 20 day moving averages. A failure to break the 20 day would result in possible fall back to 50 day... blah. [AMZN $97, YHOO $242] A gap up tommorow which holds up through 10 AM would be bullish for the sector. AMZN could get wild tommorow/Tuesday before earnings. DCLK & BVSN & EXDS & VRSN had good weeks last week... watching them. LCOS ; buyout or partnership material.. a keeper. VRTY ; people should look into this one... Short term: Market still looks iffy; would like a nice 500 point drop on the NYSE before jumping wholeheartedly into the market. But, on the flipside in 2 days the NASDAQ lost 5% of its value.. and since we seem to be in a trading range here (9100-9600 NYSE for example) it might be a time to play the long side short term. Time to use caution though; a lot of stellar long term stocks have stalled which is a bad sign. Long term holdings: Own MFNX, SUNW, INSGY, BRCM Calls (doesnt matter what the market does) (To satisfy AJ Berger .. these are not recommendations to buy, just mindless musings by a guy on a message board) grin Mark

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