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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 ()	4/3/1999 4:25:00 PM
From: Mark[ox5]	Read Replies (1) of 779

Ok--anyone out there? A rough and wild week.... *************** ZD took me all over the place... I still hold all the crazy options and a tiny bit of stock. It ran from 22 to 29 Tuesday--- pre IPO Surprise IPO came Wednesday...everyone assumed Thursday, but they blindsided us... so that was bad. Wanted to get out Wednesday... on the pre IPO hype... but the double whammy of the IPO and Merrill Lynch Downgrade ..killed ZD... went from 28 to 20... Then Thursday it sat in low 20s all day until a 3:45 PM upgrade from Morgan Stanley Dean Witter...s now it sits near $24..... a move above $25 would be healthy.. but not sure if ZD can sustain it. Don't reallly like the co. too much... Should be interesting what happens this week with it... hoping to get most of my money back on the options. If ZD had cooperated and had the IPO Thursday instead of Wednesday... then it would of been a bonanza profit. *************** Only other positions right now are GNET and EXDS options... I advised someone off the board (you know who you are) ;) to start and EXDS option position this past week... buy half the position at $140, and if it falls to low $130s buy the 2nd half there... it did just that Thursday.... and then in the last 2 hours went all the way back up to $149... Now if we can only get through $150 (lots of resistance here)... off to the races with the split 1 week from Monday. Targeting $200 as an exit point. (yes that is a 30%+ gain in 1 week im assuming) Those in options will be very happy if this happens :) *************** GNET... just sitting for now... love the co., but the stock is up 2000% since fall, so probably needs to rest a while. Probably sell the option on an internet sector run pretty soon here.... at some point I still think GNET has another double in it.. only $1.5B market cap.... *************** Upcoming plays..... CNCX... late April split... will be putting EXDS profits into these options for a 3 week play... right now its at $80... hoping it doesnt run up more than $10 this week... but if you have the money start a position in the options now... May 80 Calls are best bet. BKS.... well its a NYSE stock, and have been getting questions on it.. it will probably pull a ZD... a small spike, very sudden, then a big pullback... since we don't know the timing of the spike... (ZD only spiked the day before) I would advise to start a small BKS option position now... May 35 or May 40 Calls... and add during the next few weeks. BKS has resistance in $33 area... once it clears it with strength is the time to jump in.... SO for next 2-3 weeks the master plan (anyone coming along?) is -Sell out EXDS April options late this week -Close out ZD position hopefully without a huge loss ;) -Begin CNCX May calls (split last week in April), and BKS May calls (IPO last week in April) later this week when money becomes free... if you have the dinero, start CNCX when its around $80... support in the mid $70s. **************** Aside from this the amazing ABOV (which I sold out the 1st time at $29 just 7 weeks ago) damnit... continues to roar... it should (?) pull back at some point (will it ever?) and splits in early May. ATHM splits some point after their annual meeting .... CMGI and VRSN are the next plays... with late May splits.... For anyone in PCLN... your crazy... that stock scares me...worth $3 Billion more than CMGI...what a major joke... go to smartmoney.com and read their 2 articles about PCLN... scary. YHOO announces earnings mid week, so should bolster the sector on optimism.... I think the BCST aquisition was a STEAL for them 2-3 years down the road.... like when we bought Alaska .... This is easy, not too much work position plays, especially for those who need to work during the day... **************** Good luck, have a good Easter and take a moment to think of those in the Balkans, both our soldiers and the refugees... keeps things in perspective and how lucky we are... in the U.S.

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