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

To: MonsieurGonzo who wrote (10732)	2/8/2002 3:30:08 PM
From: Berney	Respond to of 11051

MG, You're doing good to keep your scalp. I'll respond more this weekend as I'm up to my a** in tax papers. Seems it all started a whole lot earlier this year. That was a real nice call on AOL. TB

To: MonsieurGonzo who wrote (10732)	2/10/2002 1:53:06 AM
From: Berney	Read Replies (1) \| Respond to of 11051

MG, Bald is good. At least you don't need a comb. Really, again, that was a really nice equity call this week. As I noted earlier, entries near TM (and JT's green line) are not to be ignored. That line has captured a lot of folks over the last year. Friday not withstanding, IQ charts has a nice service that reflects the top 10 money in ticks vs. money out ticks. When I see SPY, DIA and QQQ in the top ten negative, I'm just not impressed. If we look at last year, the week after options expiration was just a brutal nightmere. Maybe this year will be different, but I think not. From an FA perspective, I believe this quarter will be negative for actual eps for the entire S&P500. Nonetheless, from the ashes of the Phoenix, the bird shall rise. However, IMHO the Market has yet to consider the implications of this situation. If we look at Buffett's article in Fortune, markets, both equity and those fixed income creatures, do not rise from a historic low fed funds rate. Moreover, the Market still needs to come to reality on the issue of pension plan liability. My most nervous purchase this week was WCOM at $7.50 on Tues, just to see it drop under $6.00 on Wed. Nonetheless, I accepted the $8.25 acquired by the Phleet for the sell price on Friday. I also appreciated the $27.40 sell price on MCD, as I'd been captured for too long on the wrong side of this trading range. SGP is my fav drug stock, and I'm a bit underwater overall, but I appreciate the gain on the shares I bought at $30.50 and sold at $32. Now, VZ just needs to recover. However, I'm playing the game differently. Bet the bank is not an option in this Market, and I'll allocate only about 20% of cash to any equity position. A View from the Swamp, TB