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Strategies & Market Trends : Temp. Home of Cooperative Group-Trading -- Ignore unavailable to you. Want to Upgrade?


To: 1-DAY-TRADER who wrote (608)4/29/2000 1:06:00 PM
From: put2rich  Respond to of 790
 
1DT and all,
I think one sector that tanks hard if market drop is brokerages. I would like to short mwd, gs, leh, sch, mer...if the time is right. I read somewhere like if market goes up 1x brokerages up 2x, and vice versa.
It is strange though, Naz is up but Dow is down and pull those brokerages down yesterday. But many brokerages get their profits from hi tech companies and IPO's.
Any thought?
Another way of making is selling naked out of the money calls/put and if they expire worthless, you can pocket some money.(of course some hi risks, so cover for stop loss)
I am thinking of selling May 200 BRCM if BRCM goes up big "last time till May expiry" this week.
Any lists of stocks near tops or near bottom?
Thank you all,