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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 670.21

-1.1%

Nov 6 4:00 PM EST

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To: bobby beara who wrote (13795)	5/14/1999 8:01:00 AM
From: pater tenebrarum	Read Replies (4) of 99985

Bobby, you're quite right, today's action in the internet stocks was dismal. either we see some serious buying soon (perhaps monday?) this may get ugly. what's needed is another catalyst, a merger or something. extreme caution is advised. ibm looks like a possible short term shorting opportunity; it's very overbought and nobody wants ibm puts, they're giving them away. regards, hb

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