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: Mark[ox5] who wrote ()	2/17/1999 1:11:00 AM
From: Mark[ox5]	of 779

Not for my account but for someone else (since Im all tied up): I did do this: Bought CNET (loved the strength today) April Calls It was either CNET or BCST April Calls.. I like BCST's business better long term, but CNET is profitable NOW and in this environment it would be a safer bet. I could of bought March options but once again, with this environment I'd rather pay the extra $200 per contract to get the extra 4 weeks in case we have continued weakness. BCST and INKT both are pulling back, INKT has no support now... broke all support levels... looking like a great long term buy based on research this weekend... but no buy target at this point because it's support has all eroded. Wish the float was a lot smaller too. Maybe I should just be buying Puts ;) Oh wait, I should of done that 3 weeks ago. Broadcom also had a great rally going this morning which got fizzed out by the market.. did recover a bit at the end, but with techs down tommorow will probably retrace ... what else is new... Bad news when companies which are rock solid like Compuware (CPWR) {local company here) drop 8-10% for no reason... no one likes tech. Oh well, good buys now to sell in May ;) Underlying fundamentals of the economy are stellar... commodity prices dropping to 24 year lows today (i.e. NO inflation), only problem is perceived (and probably actual) high valuations in the market... since all this 401K money is chasing these same 100-200 stocks for the past 3 years, driving them up astronomically. Talking it out to re-assure himself ;) Mark

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