To: Gersh Avery who wrote (7311 ) 11/27/1999 10:40:00 AM From: MonsieurGonzo Read Replies (1) | Respond to of 11051
Gersh:" Shop By Pill " Well, big question is the bondz , don't you think ? If they decay from TYX ~6.25% towards ~6.50% then it would not be good for stox, imho. The UTY.X and XOI.X appear to both be poised... for something . I can imagine that many folks would be happy to cash in some or all of their 50+ percent gains in TechStox, stuff all that $ into MoneyMarket or Bonds or UtilityTurtles or DowDogs like DD or something. Fear overtakes Greed and you tell yourself: why don't I cash in half of this AOL double and stick it into BONDs or something ? fwiw, personally I sold 700s of T @ 57-5/8, shares that I had in an "intermediate term" account (bought down 1+2+3+4 from ~50 to ~42.5, 300s sold at ~50); and ran the "harvester" over CORE yet again (which I do from time-to-time when I have around +35% gains in things) over MSFT CSCO AOL NOK AMGN on Friday. It's been a great harvest season this year, dude (^_^) Under-Performing the SnP YTD (and so perhaps targets for defensive portfolio balancers) are Utilities, Transports and BigDrugz; and the story behind those sectors has been "Bonds", "Oil" and "Government Intervention". QQQ could make an evening star here and no one could complain; local support is around ~148.5 and I'm defining the UpTrend with an 18d EMA. otoh, I've got a target around the 164~165 area for the silly NDX. I compare this upside reward to downside risk of QQQ ~128. I expect everyone and their GrandMa will go out and get a new PC when IBM/MSFT/INTC/DELL quadropoly come out with Win2K boxes. As the Schwa World Operations Manual advises us: alone cannot you it resist. -Steve