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: Haim R. Branisteanu who wrote (32060)	10/5/2000 9:02:08 AM
From: Lee Lichterman III	Read Replies (1) \| Respond to of 42787

Haim - I see you had a buy signal on WMT. in teh FWIW department, Shopko guided down and Penney's just warned so I expect retail to get hit today. I too was watching WMT since I felt it formed a hammer a couple days ago but was unable to get follow through yesterday. Don is correct in that the Mutual Fund Portfolio is over 25% on closed positions but up about 20% over all counting the open hedge positions. The two hedges hurt as time erodes on the funds fairly quick although not as bad as an option would. Still the long time we held those hedges drained on the posted account. Still 20% in a market that is negative is pretty good if you ask me, especially since as Don said, we geared that towards very very very conservative trading for the average Joe Blow. I show us sitting on weekly supports for much of what I consider the more important issues and indexes. On a weekly basis, I had over sold signals on most of the market two days ago but yesterday's bounce turned many of them off so now like Don, it could go either way. I am hoping these supports can hold for a cycle move up here before dropping again but nothing is certain right now. I am still biased short term long but want to see lower prices on teh street favorites that refuse to give in like SUNW, EMC, ORCL, NTAP etc. Compared to the other fallen comrads, they haven't even begun to see tough love yet. DELL news pretty much concretes that the PC sector is hurting after INTC, MSFT, APPL etc all agree yet there is still irrational exuberance as GTW is trading pretty high considering the news. Not enough fear for a longer term bottom. CA warning and many of the other Main Framers should keep IBM in check unless the street is looking ahead to their new server rollout in January. HLIT is going to raise some eyebrows as to the health of continued Fiber Build outs despite them being a smaller player and botching the merger. Still it is almost time for the warnings to end and actual results to come out. CA bounce showed some stocks, only some, have already priced in a lot of bad news. THere are examples of the other extreme though as noted by DD trading back up to where they were before they warned. I am watching some issues sitting on supports like JNJ etc as well as trading the Mo Mos intra day. I mostly like the smaller issues though that are catching collateral damage but are not in any of the sectors that have warned... at least not yet. -gggg- Anyone see the initial claims numbers???? Good Luck, Lee