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Technology Stocks : INTEL TRADER -- Ignore unavailable to you. Want to Upgrade?

To: MonsieurGonzo who wrote (9057)	2/23/2001 10:05:36 AM
From: Trading Machine	Read Replies (1) \| Respond to of 11051

Well they pulled the drain plug outta da swamp this morning MG!! I agree about the rate cuts, today might be a good day. I thought I smelled capitulation yesterday; However, I'm smelling bear crap today and it looks as if they are begining to stampeed the bulls. XXXOOO to everyone Quit selling and start buying! gggg CU PK

To: MonsieurGonzo who wrote (9057)	2/23/2001 10:03:49 PM
From: Berney	Read Replies (1) \| Respond to of 11051

MG, Re: Friggin' Things It is really a tough trading environment, but I bet the Beardstown ladies and Buy and Hold are having a really tough time! Actually, I expect their new book out any time now: Buy and Hold Sucks. I spent the last couple of nights with TM and his lovely bride. This morning, after packing my office back in the car to go back to the hotel, and already late for some appointments, I put a Big portion of the Phleet (6700 shares) in LMT orders on QQQ for an average entry of $49.20. And, what to my surprise should appear when I checked into the hotel about 3:45 but QQQ at above $51. On first blush, it's better to be lucky than smart. But, I sold before I came up here at $59.70 and I figured that I was far enough away from the weekly down trend line that I could get out even if the they went South. Actually, it was probably best that I wasn't able to watch, as I was only able to unwind 2,800 shares before the close so I still got a bunch. I figure that it was a little over 4% on a big portion of the Phleet. I cannot, will not complain. The secret to this Market, until proven otherwise, is stay away from that weekly down trend line! I could discuss my Phleet cargo of 675 shares of GLW, or the really stupid trades in September '00, but this year is doing fantastically well! In fact, I'm beginning to really enjoy it. Now, as to 4/15 (a date that I really, really look forward to), this post provoked some discussion: Message 15374626 The front lines says that this year is different. At lunch today, it seems that one of my clients has gotten the message. I preached to her for several years that her involvement in mutual funds is STUPID. They are incredibly tax inefficient. On one investment (she has some 25 mutual funds), the fund was down 90K for the year and she is going to pay taxes on dividends of some 37K. She finally noticed that the math doesn't work very well. Just a View from a Dude that hopes to be back in the Swamp next week. TB