Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: bobby beara who wrote (17835)	6/18/1999 7:23:00 PM
From: pater tenebrarum	Read Replies (4) \| Respond to of 99985

Bobby, i watched the market react to the CPI, and then i bought with both hands everything that looked good on the charts and had supportive money flow data on the next morning's pullback. i kept my hedges and some hedged index shorts in place for just in case, but i'll unwind the index shorts probably at the next opportunity and leave the hedges on the shorts in place for additional oomph. i agree on the window dressing idea, and am anyway usually inclined to buy what looked good during a decline. i do bottom-fish at times, when i see extremes like Z at 4, AR at 14, HAL at 30 and the like. usually i need some supportive specific evidence for a catalyst before i bottom-fish. otherwise i go with the winners, but try to make sure that no potential fundamental negatives are brewing for them. i made an exception with MSFT, as clearly a potential for problems exists with the anti-trust lawsuit. in this case i believe it creates a 'wall-of-worry' type of situation. if MSFT gets split in two,three or four separate companies, so what? i hope Don's class one sell works for monday so i can fortify my new positioning somewhat - it may be blow-off time soon. hope to be out and short for the BK afterwards. regards, hb