Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Stock Attack -- A Complete Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Chris who wrote (22985)	5/3/2000 1:06:00 AM
From: Lee Lichterman III	Respond to of 42787

I was tempted by T but first of all, I never never ever trade ahead of earnings release. Been burned too many times there. The other thing that bothered me was how many of the executives were abandoning ship and heading for other jobs. Still I have to say I will probably move in there in the future. I would rather own T and all thier realstate with cable, wireless etc than pay 500 PE ratios for no earnings start ups. if the net is for real, the telecoms will be major benefactors. They just need to be able to change fast enough with the times. >>with this rising i-rate environment, i expect the market to be flat and more of a trading style environment.<<< Oh you sweet talker you, are you trying to bribe me. <ggg> My system works best in a trading rnage bound to trending market. These volatile swings are making me where I don't know when to believe my system and when not to. I end up missing many good trades because I don't have faith enough. If we could get back to a more normal market, I would be full in the mix again, work or no work since my system runs on autopilot in that environment. buy long or sell short and walk away for 3 days and cash out, ch-ching $$$. <g> Is Don amazing or what, called both the drop and the Gold rally. I had signals but gain, I didn't trust them. Thanks for your offer in the PM but I am just trying to be patient and let my stuff catch up and get myself in the right mind set. I have leave scheduled for June when my wife is due to deliver. By then, things should be more clear and I should be able to get a couple weeks of good trading in. That wedge on the NDX has about a week max to resolve and I suspect it will make it's mind up before that. If we don't break down hard soon, I am going to say the coast is clear and start at least buying some LEAPS with a few select LEAP Puts on the weak ones to hedge. My only worries are the 3 peaks and a Dome and how BRK.A broke down today. The rise in the CRB, Gold, Silver, MO stock (tobacco is an old safety play) and REITs makes me wonder if this could be for real. We'll see. I am watching 1400 SPX closely. If that fails and we break the previous low, it is a looong way down to 1290. Good Luck, Lee