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Strategies & Market Trends : The Options Box -- Ignore unavailable to you. Want to Upgrade?


To: Poet who wrote (952)5/30/2000 7:16:00 PM
From: Mark Z  Read Replies (1) | Respond to of 10876
 
There is an element of seasonality with a peak in Q4/drop in Q1 but I don't know that that's playable say, like, PIXR which you buy 3-6 mos. before a movie release or tech stocks which you should sell in the spring and buy in the autumn (yeah, right...I do that). Now that I think about it, I think what I really mean is I'm better able to identify support/resistance for the cargo carriers than I am for the passenger airlines + you generally don't get dramatic moves like UAL's 1st qtr 2000 40% haircut. Just nice little, safe, highly predictable 5-10% moves. They just tend to stay in nice, predictable ranges. FDX, for example, was a buy sub-34 on Friday and I expect to see 37-38. And if it goes much above that, I'll short the sucker.

Made a lovely trade on INSP today. Long at 44, stopped out at 42 1/4. Then it ran to close at 46 1/2.