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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED -- Ignore unavailable to you. Want to Upgrade?

To: RR who wrote (49695)	4/7/2002 12:09:51 PM
From: stockman_scott	Respond to of 65232

Housing vs. Stocks fool.com

To: RR who wrote (49695)	4/7/2002 12:54:04 PM
From: RR	Read Replies (4) \| Respond to of 65232

Market stuff.... going to the hammock to ponder: Tech charts look awful, damaged. OTH, lots show oversold. Flip a coin. Arguments for both ways, but read more that it's going down a little more. Watch that 1700 level on Naz. Gurus two weeks ago yelling bull are now running for the hills yelling bear. They don't know. Remember that..... nobody does. They'll turn on a dime. When the elephants get to banging their heads, the monkeys get in the trees. Patience and caution here. Do you're own thing. Make up your own mind is best. Set your plan, what works for you. Stay with it and execute it. I'm still almost all cash. Holding ORCL calls to play a bounce. Played ORCL calls/puts since last fall and done fine. Those swing trades with options, well, you could throw a dart at any tech stock and it probably would not matter. In fact, for example, with ORCL's Fri action, those calls I bought Thurs were up 35% Fri at one point. Don't need much move to get good results with some options as you know. Anyway, I'm not going to hurry anything this week unless the market does something extreme, then I'll go the other way most likely. Let it run back to over 1800 and I'll look to buy some puts. Let it drift towards 1700, I'll look at calls. Oh yeah, don't forget to pick a turtle. Again, I think now, with no clarity in the market, it's best to have some patience and caution. Ya don't have to be in the market every day to get rich. RR