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Technology Stocks : Jimbo's Playhouse/CPQ
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To: fooledalot who wrote (1174)5/14/1999 11:13:00 AM
From: Mao II  Read Replies (1) of 12663
 
f: Id wait out the nutz at this point for sure. I believe K is looking for 180 on ebay as an entry point (it bounced in that area recently and there seems to be support there). I got stopped out of most of my position yesterday and dealt off the rest today. Im just going to wait and see where this slide takes us. DOT has been very weak. Today it bounced off its 625 support (actually dipped to 622). If it falls below 625, next support comes at 580, then 550. Ebay entry points for me would be 170 area, and 154 area (where it bounced during the recent selloff). With a couple of exceptions, tho, given the way the market looks now, I am probably going to stay away from the nutz -- at least till Q2 earnings season is upon us. I like to trade nutz on price momentum and it aint there -- in a nut shell. M2

PS: You asked me about ORCL. I am much more familiar with SAP, but I threw ORCL out as a possible play because I think there is some rotation into the software sector. I think the stock was unduly hit yesterday, and I see that it is bucking the trend today, up 1 and change. The Y2K hoo-ha will become even louder as the year progresses, but I think you make money on ORCL by buying at these levels while the hoo-ha is still loud (but the company's financials are strengthening.) I just increased my SAP holdings by about 90 percent @28 and 30. I think it is a buy at 30 and will be a buy at 35 as the price recovers. I intend to add another chunk there and then hold for full recovery into next year. At least that's my plan now. I like SAP a lot, despite its woes of the last 6 months. M2
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