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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?


To: dennis michael patterson who wrote (46471)4/15/2000 11:25:00 AM
From: Jerry Olson  Read Replies (1) | Respond to of 99985
 
Dennis

i was thinking the same thing..QQQ time...

NOK?? i have a nice position in that stock...took it home with the 4-1...

plenty of high quality techs to buy..along with the big pharma's..PFE-MRK-AHP all look nice...

i'm just looking at stocks on P&F with good relative strength and above the bsl line, in good oversold sectors. etc etc ...

so we sit and wait Dennis..not trying to force anything..

but gee whiz..we've been here before...and we'll be here again...

listen even the bears get a chance once in awhile to make money.."IF" they know how too??? it's been so long for them maybe they forgot how?????

best to you too...



To: dennis michael patterson who wrote (46471)4/15/2000 11:53:00 AM
From: LTK007  Respond to of 99985
 
i also have been playing small bets on QQQ,after getting burned with a big bet in November--scraped out 10k thus far,and have 20Apr 80puts looking for 70 on Monday,but i will be looking to go to calls,i think QQQ will be good for a 15-20 point bounce from whatever it's low,if ONLY temporarily.i am 85% cash---the 15% invested let's me realize the pain others must be feeling(that's down 48%,and that is from a 10 dollar cost basis--yikes).max