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


To: Paul Shread who wrote (41035)1/17/2001 9:42:29 AM
From: Chris  Respond to of 42787
 
we also have a 50 dma on naz..

but let's see what happens.. i still have my short open.. (not a big posiiton at all)



To: Paul Shread who wrote (41035)1/17/2001 9:43:21 AM
From: donald sew  Read Replies (1) | Respond to of 42787
 
It is still early in the day, but the the NAZ is now up 110 and the DOW is only up 41. SECTOR ROTATION.

As good as this SECTOR ROTATION will be for the HiTECHs, my position has always been that SECTOR ROTATION is an anomoly and eventually will be corrected. When, heck if I know for sure, but could support the belief of one more phase in the bear market

EDIT: WOW couldnt type fast enough - The DOW is now down 13



To: Paul Shread who wrote (41035)1/18/2001 8:11:50 AM
From: Lee Lichterman III  Read Replies (1) | Respond to of 42787
 
MMM I think was mainly up because they are getting the GE loser of the CEO bid. Many are hoping he can do for MMM what Welch did for GE.

Anyone looking at Oil companies or oil Equips here?

While I had every intention of closing my longs today, the volatility forced me to stay in. The calls that I am short on were commanding a full point of premium only two days from expiration. I am not going to pay that and decided to ride things out another day since my underlying could drop 3 points and I would still come out better than paying that high price to cover my short call position on my common. Who knows, maybe I will get lucky. I am totally hedged now though with limited downside exposure and no more upside exposure.

Good Luck,

Lee