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Strategies & Market Trends : Cents and Sensibility - Kimberly and Friends' Consortium -- Ignore unavailable to you. Want to Upgrade?


To: ok1day who wrote (40394)12/7/1999 10:52:00 PM
From: stan s.  Read Replies (2) | Respond to of 108040
 
Hi Ossnat, normally, on a technical basis I would have exited NTPL today. I don't care for the bearish harami after an upsurge. This is a somewhat different situation so I decided to ride it out.

I'm not expecting tremendous moves here...just a bounce and if it decides to bounce really high...I'll take it! lol

As far as the market. I'm playing it differently than is my norm. I have far fewer position plays and I am at least half cash at every close. That started about a month or two ago when I came off a full margin position in about 10 stocks.

The Nasdaq is very toppy but I wrote a piece here a few weeks ago that indicated if this Naz surge equals the surge on a % basis that we enjoyed last year fron early/mid October to early February...it would take us to roughly 4700 or so. Honestly I don't remember my exact figure.

Now that's nothing to count on...and I'm not, that would be an extreme. But within the realm of disciplined caution I'm trading vigorously and getting out.

Did you notice the post on DIGL I posted you...up 15 or more at one point I think...a beauty of a chart.

Hope you're well, take care and best of luck.

Stan