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Strategies & Market Trends : Group Therapy -- Ignore unavailable to you. Want to Upgrade?

To: Duane L. Olson who wrote (1040)	4/5/2000 4:09:00 PM
From: country boy	Read Replies (1) \| Respond to of 4564

Hey Duane: I can think of no adequate words to describe the action yesterday. Glad you got in LSI in the 50's. I tried desperately to buy it at 55 but both my brokerages went down at that moment. Five minutes later when I got back online, lsi was 61 and I'd missed it. What I did: --Bought cy at 44 and idti at 36 not expecting a crash. --bought altr at 78, only to sell a few minutes later at 78--fear getting the best of me. --got my nerves together and bought a load of cy at 38--a pure gift --bought a bigger load of idti at 30-31--another gift. --bought atml at 46 and 48---missed the bottom. --wish I'd gotton xlnx at 64 but couldn't watch everything. Today: sold the cy and idti positions I bought yesterday and doubled my $ (all May options). Sold atml today 54-55--still have some cy,idti, and atml. Bought some LSI at 65, not wanting to be left out. overall, I did OK; thankfully I don't trade on margin. The bounce was impressive, and if that dip wasn't the mother of all entry points, I haven't seen one. I'm very bullish semi's still the next three weeks,and they showed today they have the power to lead the market back. I still think it's a traders market, though, given such volatility and fear. A retest of 3700 would not be unthinkable. I was 90% in yesterday and now I'm 50%. How about you? Still sitting on cash? Where's another entry point on LSI? Resistance is 70, but I wouldn't be surprised for it to now show some strength and gap above it. best, cb