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To: JH who wrote (4416)12/1/2000 3:50:03 PM
From: drsvelte  Respond to of 10712
 
15:38 ET Intel (INTC) 34 1/16 -4: Evidence of paranoia: rumors of another big tech warning started with Motorola (MOT) and have now spread to Intel (INTC), which is not a surprising target given misses from Gateway (GTW) and Micron Electronics (MUEI); these are all just rumors at this point but they are clearly taking their toll on the Nasdaq (+6).



To: JH who wrote (4416)12/1/2000 3:51:14 PM
From: Uncle Frank  Respond to of 10712
 
Thanks, John. That was a splendid demonstration of your trading skills.

uf



To: JH who wrote (4416)12/1/2000 4:09:26 PM
From: JH  Read Replies (4) | Respond to of 10712
 
Final tally:

Bought 5k @58-1/2
Bought 4k @59-1/2
Sold 4k @66-1/2
Sold 1k @67
Sold 3k @64-1/2
Bought 5k @60-1/4
Bought 1k @60-1/2

Net long 7k at a cost of $52.25
Closing px of $61-15/16

Usually, I'm a LTBH type of a guy, but the last three months has truly been a near-death experience, so I've been forced to change my ways, by being a little more creative in my trading strategies. So far, so good - I really needed today's "luck".

One good day out of a hundred bad ones doesn't make things any more palatable, but heck, it's a good start!



To: JH who wrote (4416)12/4/2000 7:40:24 AM
From: Labrador  Respond to of 10712
 
If we use your approach to average cost, then I have a negative basis in my QCOM shares.