Market Gems:Stocks w/Strong Earnings and High Tech. Rank Message Board

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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank

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To: kha vu who wrote (37561)	4/30/1999 2:29:00 PM
From: Rose K	Read Replies (1) of 120523

Thanks, kha and SF for the encouragement. I think we should be careful with any new ST positions in the techs (especially May options.) I really got burned last year because I had an entire portfolio of great out of the money calls in techs in May last year. They almost all expired worthless because it took about 6 weeks for the tech sector to recover. As I understand now, May tends to be a slow time for techs. With the inflation worries ($TYX bond yield above 5.6 again) slowly rearing their ugly head, I think we should all try to get into enough cash to be able to pick up the bargains after the next correction. That (and a lot more) is what I didn't know last year and it almost ended my trading career before it had even begun... I don't want to be cynical, I just think we need to be careful and not be overextended during uncertain times. Rose

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