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: puborectalis who wrote (153)	1/26/1999 8:47:00 PM
From: Mark[ox5]	Read Replies (1) of 779

Yep, you got it, that is why the drop to the 50 day average was such a gift... when people get nervous in nets I think the "blue chips" will be the safe haven. Most of the internet stocks have looked pretty bad the past week or so, only YHOO & BCST have looked strong. I havent had a chance to look at AMZN or EBAY's earnings.. or EMC.. anyone hear anything? Crazy Yahoo... from 240 to 450 to 250 to 350 all in 3 weeks... traders dream. I have not looked at DELL as I dont trade it but SUNW kicked some booty today. I have to see how far SUNW and especially YHOO have strayed off their 5 day lines... if YHOO has gone a bit to "irrational" I might sell the Feb 270 CALLs tommorow and buy back something like a Feb 330 CALLs when YHOO does a small correction. Hmm let me look...well the website I try to look at charts hasn't updated with today's prices but I am sure the 5 day moving average is somewhere near $310-315. The MMs forced BCST right back down to its 5 day moving average today (thank you MMs, yes I did buy more there fellas)... so with still some time to go on YHOO split (roughly 2 weeks), and some correction in the market in the next 3-5 days my educated GUESS, is gap up tommorow and then sometime during tommorow/Thursday/Friday they bring it back "very briefly" at least within 5-10 points of the 5 day moving average... so my game is try to sell the calls I have now, and buy back a different set of calls when the MMs do a shake on YHOO sometime in the next 3-5 days. I guessed yesterday we would see $400 on YHOO by split time, and here we are only $50 away... probably open in $360-$365 range tommorow, and then who knows from there... who knows, we could retest $450 which we saw a while ago. MY main worry is the rest of the sector is not following YHOO ... so might take the profit off the table to be safe. P.S. Did you get any of that ITEC action? I cant believe most people who daytrade arent millionaries yet from the hundreds of "We have a new website, stock goes up 400% in a day" stocks. If you just catch half the rise you still make 200%! Crazy Mark

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