To: Berney who wrote (6177 ) 6/17/1999 12:45:00 PM From: MonsieurGonzo Read Replies (1) | Respond to
Berney:" my kingdom for a Horse, er... Herd! "I've just about finished a very labor intensive spread sheet regarding the Big Boyz. I hope to start posting some entertaining data early next week... ? Did you weight the selections within the sectors equally ? TXX.X - TechStocks = 32.3 % PNX.X / GTB.X - Telecom = 22.4 % RLX.X - Retail = 16.4 % BKX.X / XBD.X - Finance = 15.8 % DRG.X - Drugz = 13.1 % don't have is a BPA SLB DD DCX GE type position, having missed out on the oil boom. I also missed out on the recovery in Asia, but NOK + DT + BTY Eurostox, about ~10% of CORE have done really well so far.old money families hold is OilStox + BONDS ; they appear to work well together as a natural "hedge" - ie., oil loves inflation and bonds like deflation, goes their logic.I couldn't participate in the Yee-Haw. What really aggravates me is that I really felt strongly that the CPI would be neutral and all this bunk was just a hoax. Therefore, put the whole fleet in a financial stock. Turns out that I was right. The stock (FNM) went up a big 1/8th point. You, on the other hand, took no risk, jump into a nutz after a gap up, and gain 8%. Life's not fair ! read the herd but rode the wrong horse ... been there, done that ! sector play would have assured your winnings (kinda like placing a bet "to show" rather than "to win") and within the NF.X sector, XBD.X tends to "bounce" more than BKX.X , which is usually more responsive than IUX.X . (But I know you're not doing sector options)risk-less when the index was at ~830; financials either continue to decay or, spike up sharply: c'est parfait ! "visibility " , IMHO. When folks want to bet on the German DAX, they'll probably jump into DT , for example. When folks want to bet on "the financials", they'll go for C + AXP because that's what's in front of their (DJIA) face - these would have been good bets "to place".know that the financial sector herd will bounce; then...INTC 50 / 55 / 60 CALLs ; OTOH an INTC "Bull Spread" would have been really PRO ! ! God , man (^_^) If ya can't play the sector itself , by options or by sector fund, either pick a stock that is really, really "visible", one that "blips" in response to news "blurbs" or -- spread that dinero around in your own, ersatz sector index, Dude !
