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

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To: Mark[ox5] who wrote ()2/3/1999 11:43:00 PM
From: Mark[ox5]   of 779
 
Quick update today (if anyone is still out there)

Heck of a nice day...

Told ya about CNET Monday... heck of a run at end of day today...wish I had the dinero to of been in it.

Small internet brokerages went nuts again, JBOH & SIEB (SIEB with 600K float I think!)

NAVR kicked booty at end of day.. probably MMs jerking it up so the options are a lot more expensive on Friday... what a crock.

As for me... sold the darn PRFM on the gap up today.. got fills between 8.75 and 9.375 (and thankful) -- bought them btw 10-12 so 12-25% loss across the board. Too much risked in 1 stock.. but you live and learn...

Everything else was great... added both AMZN and YHOO options this morning after sold PRFM

Positions:
YHOO CALLs
Yahoo Feb 370s (in at 34, 26 3/4, 27 5/8)
Yahoo Feb 360s (in at 27 1/2, averaged down today to 23 7/8 first thing in the morning)

AMZN CALLs
Amzn Feb 130s (in at 8 3/4 from yesterday)
Amzn Feb 120s (from this morning 8 3/8) (these already were at 14 in the afternoon...amazing)

Also,
BRCM Feb 130 CALLs

BCST common (159, 161 range)

PWCC Please please look at this one.. look at SIEB today.. same float as PWCC... PWCC holds 11% interest in Flashnet IPO in late Feb. Yesterday MMs cleared out all stop losses to 12... in this one from Monday at 14 1/16

TBFC Reported earnings after bell today.. now it will be interesting to see how the street reacts to them.. if they truly value them like an internet company they will reward them for incredible customer growth, and asset growth... if they value them as a traditional bank then it will drop tommorow because the co. net income dropped (but like most internet companies, the money is going towards advertising itself and technological improvements.

We shall see!
Interesting day... I see an Internet rally for the next 3 trading days at the least ... through the YHOO split Monday...

Good luck!
Mark
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