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Strategies & Market Trends : Technology Stocks & Market Talk With Don Wolanchuk -- Ignore unavailable to you. Want to Upgrade?


To: GROUND ZERO™ who wrote (15828)5/20/2004 4:25:24 PM
From: Michael Watkins  Read Replies (1) | Respond to of 207138
 
yup, we could.

I would be careful though - price yesterday proved that it could go up higher; if it gets going again, the odds favour some continuation.

All I've done is shifted my bias towards a possible swing long working here; away from a "no bias" stance where all I've been doing is scalping futures intraday.

I now have a little tech; some boring stuff (paper, overseas shipping - these are doing quite ok); a little financial exposure. Even bought EMC today, although that wasn't off a setup I normally do.

But still holding a lot of cash... I am prepared to put more to work quickly if price proves itself.

Will keep one finger on the sell button in futures just the same.