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


To: Alan C. Zezula who wrote (1376)5/15/2000 2:08:00 PM
From: country boy  Read Replies (2) | Respond to of 4564
 
Hey Al:

I never did buy any ELON---wish maybe I had.

I'm a net buyer today, but only small positions as I'm waiting to see what the market will do tomorrow. I'm making no quesses about anything and regardless of the Fed's move, the market's action is tough to predict. I'm cautious on the Naz and I'm only trading three stocks:

Bought CY at 48
Bought some Xlnx at 57 and will buy more at 55
Bought IDTI at 40 (sold 46 on Friday) and will buy bunch more at 38.

I stopped out on some Lsi at 49, but am still holding a bunch and atml too.

I'm in 30% and will go 75% if we get positive confirmation tomorrow.

I'm still not in oils and won't buy GLM or FLC until the sector takes a breather---it may not, but usually does. Like you, I wish I'd gotten in a few weeks ago and getting in now is surely chasing it. If the overall market and techs rally, oils I think will fall back.

Best,
cb