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Strategies & Market Trends : Technical analysis for shorts & longs -- Ignore unavailable to you. Want to Upgrade?


To: Logain Ablar who wrote (39636)5/30/2003 6:40:36 PM
From: j g cordes  Read Replies (1) | Respond to of 69981
 
Hi Tim.. all

Took an ill trading garden break late in the day. Some puts were in the money on biotechs and I figured the exercise would be good to get out of the office and pull a tree stump and some vines. When I got back in the puts were under water, the market closed and the underlying stocks up in aftermarket.

There must be a saying that goes with this negligence.. something like:

* Never switch gardens miday.

* Till the soil only after closing the till drawer.

* Close positions before pulling roots.

* No vine before its time.

* Mad dogs and puts go out in the noon day sun.

Lesson learned..



To: Logain Ablar who wrote (39636)5/31/2003 11:41:50 PM
From: Johnny Canuck  Read Replies (2) | Respond to of 69981
 
The run in the indices has been amazing and surprising to most I think. I don't think there is any long term confidence in the US markets though, the follow article indicates most of the money went into international funds. The inflow indicate increase confidence in stocks in general though, so longer term it look like traders are returning.

*********************************

U.S. stock funds take in $2.8 bln in week-AMG
NEW YORK, May 30 (Reuters) - U.S. stock mutual funds took in a net $2.8 billion in the week ended May 28, according to AMG Data Services.

The weekly flows, over a four-day period because of the Memorial Day holiday, were stronger than the $500.6 million of inflows reported for the prior week.

AMG Data, a research firm based in Arcata, California, said most of the money, about $2.5 billion, went into international stock funds. Global funds took in a net $387 million and small cap growth funds took in $388 million, AMG Data said.

reuters.com.