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Strategies & Market Trends : Trader J's Inner Circle -- Ignore unavailable to you. Want to Upgrade?

To: Trader J who wrote (16322)	6/18/1999 5:55:00 PM
From: LTK007	Respond to of 56537

Well TJ just looked at my SI holdings,and in terms of equities held now down only 2.5%(was down 12% at the worst yesterday) and now wishing I had averaged down on HSAC:) as it is within 1.25 of my cost basis,and frankly it is looking strong I doubt very much I will sell at breakeven--BNBN and had a classic uptrending day,and am holding. Corel,if it should have a bit more pull back,I will likely add--this is beginning to show signs of resurrection. For people who don't know VRTY was once 57 long ago,and Corel was once a hot stock,it's previous high is listed as but 20,but they had 2 splits during their hot phase. Now have roughly 15k in options--downside total loss maximum upside, forget it--big,big numbers,thus the allure of options. Am now going to use all my scanning tools this weekend to look for some potentially hot items--they're out there,they always are--but finding them the hard part,the very hard part. I am wondering if GALT is potentially an 80+ stock. I haven't seen what AOL did today---but that CPI number was a monster down momentum killer,if that CPI came out as 3--AOL was heading for the 70s. I am glad for those full-boated before the CPI that it worked out-- as if it had gone badly,as Wes said,the market was primed and fully ready to do a major tanking--and it would have--all wells that ends well.Max

To: Trader J who wrote (16322)	6/19/1999 7:05:00 PM
From: American Spirit	Read Replies (2) \| Respond to of 56537

Per your picks, lots of momentum there. Bearish fears convinced me to sell my DELL and MSFT last week unfortunately. But bygones are bygones. Anyway, assuming these growth stocks keep rising (recovering) toward former higher levels and the upside starts getting chancy, let's be looking for rotation into stocks which haven't yet made their moves. Fewer and fewer of them sure but eliminating the real money-losers where will be the values be next? I am watching for further dips on temporarily out-of-favor sectors like IT companies, disc drivers, e-commerce like FATB, IATV, PAIR, studios like DIS and Warners, drugs like MRK and PFE. But still room to move in the current momentum leaders IMHO.