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

To: Robert Rose who wrote (25244)	9/8/1999 3:18:00 PM
From: pater tenebrarum	Respond to of 99985

Robert, currently AR, RJR,HCP,AHE,PCL and a bunch of mostly high-yielding gold stocks. the only remaining tech holding i have is a few COMS, which i bought when it was even more beaten down than it is now (g). otherwise i'm in cash,treasury notes, some hedged index shorts and a few puts as positional trades. some positional shorts i covered recently for a small overall net gain. i used to hold long MOT,LU,IBM,AOL,C,AXP,AMGN,SCH,UTX,IP,MSFT,ORCL,LSI,AMD,XON,MOB,CNET,DCLK,etc.(altogether there were 42 positions in well known blue chip names) from early November as a medium term play and scaled out of those during the rallies in the current trading range over the last three months. the nutz positions i sold much earlier and have since daytraded a bunch of the leaders on both the long and the short side. i daytrade OEX options as well sometimes. i am going to re-establish the holdings i scaled out of once the market corrects. at current prices the risk/reward equation just doesn't cut it for me, even though i suspect we may get a narrow blow-off rally in the course of September/October. i'm just not sufficiently sure about that to really stay committed. short term trades are a different matter and are not necessarily informed by my longer term views - there are always opportunities. regards, hb