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Technology Stocks : INTEL TRADER

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To: Berney who wrote (5327)	1/31/1999 5:10:00 AM
From: MonsieurGonzo	Read Replies (1) of 11051

Berney; RE:" monthly muse " >enjoying watching your watch-list transform... The big change for me this month was a result of all the trading you and I did together, Berney - I've aggregated all my telco stox - they were spread out: some I thought of as "TECH-", others as "EURO-", etc. And now I have them as "TLX - TelcoStox", and watch them as one group. I still consider TEL-EQUIP and CEL-EQUIP as "TECH", though. >We got some folks on SI that I respect that are placing serious bets that the market is going down. It just doesn't fit... January started off in an exuberant way - EuroStox jumped a lot week 1. Then Brazil tanked and everybody over-sold week 2. All during weeks 3 and 4, earnings churnings propelled many large-cap tech stox to split territory, but most other stocks just drifted lower. Optimum strategy on Week 1 would have sold JAN covered CALLs on BKX.X, RLX.X and DRG.X underlying holdings (or MID.X index); and bought DELL LEAPS with the proceeds taken in. The short CALLs would have expired worthless week 3; the DELL LEAPS would have doubled by (now) Week 4. Let's rewind and we'll all do that (^_^) ...my gut is telling me to go long MID.X - S&P400 MIDCAP Index. as you might say... " we'll see ! " -Steve

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