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Strategies & Market Trends : Steve's Channelling Thread -- Ignore unavailable to you. Want to Upgrade?

To: Steve Lee who wrote (149)	2/3/2000 8:57:00 AM
From: Steve Lee	Read Replies (1) \| Respond to of 30051

Just deposited a large chunk of money from non-trading activities into my brokerage account. Will probably put about a quarter of it on the market today, and the rest over the next few weeks. Another similar sized chunk will be arriving Wednesday next week. Then probably no more funds into the account for a year or so. INTC & PCMS are likely candidates. Maybe some MSFT. Looking for a short for hedging purposes. AMD could get shorted at 40 or below 35. I like the potential of a long INTC position combined with a short AMD position. It has the likelihood of profiting on both sides from fundamentals and is a great hedge against a correction cos AMD should get hit hard under that scenario whilst INTC tends to survive corrections with minor damage.