To: Berney who wrote (6885 ) 9/27/1999 9:32:00 AM From: MonsieurGonzo Respond to
" Good Morning, Berney "T is an interesting example, TB - you are the second guy to tell me that the downside risk is ~32.5 ...a local MM was tellin' me the same thing at Madame's Friday cocktail hour.right here , with a ~37.5 or -10% downside risk. fwiw, I puffed up T and GE on Friday, right after OPEN, to capture dividend DRIP in my CORE (nothing more). Hopefully I can exit the surplus shares tomorrow (ex-div date) gracefully!no one is discussing the absolute collapse of the energy stocks this past week... ! UTY.X - Utilities For the last few months, Utilities have been more motivated by the overall S&P movements rather than bondz ; income investors appear to be more focused on the tax-free munis nowadays.no exit from this collapse (well, GOLD, but -!) save 'money market'. I read in Barron's that fund out-flows, money-market inflows were just surging last week. From a trading perspective, it seems that we should focus on those stocks that have remained in their trading channels. That said, and kind of heavy, this research tends to suggest when to buy and not when to sell... QQQ , I've got the lower UpTrend channel line defined by CLOSE 25-MAY and CLOSE 10-AUG. Another "band", within the trading range, slightly above and parallel to the lower channel line - is defined by CLOSE 19-APR and CLOSE 19-AUG. We assume any UpWave will carry QQQ up near 122.5~123.5 extent.
