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Strategies & Market Trends : Tech Stock Options -- Ignore unavailable to you. Want to Upgrade?


To: Autumn Henry who wrote (28220)11/12/1997 1:27:00 AM
From: David Weis  Read Replies (1) | Respond to of 58727
 
Autumn --- RIG and bike rides ---

I jumped on the FGII trail last weeek. Almost took a position in RIG instead. RIG just reported --- good report. Probably see some profit taking in the short run.

Bike Rides??? Did I miss a post??

Good Night

David



To: Autumn Henry who wrote (28220)11/15/1997 5:22:00 AM
From: Johnny Canuck  Respond to of 58727
 
Hi Autumn,

I am just catching up on the threads now. I am trying
to focus on work for the next few weeks so I am on the sidelines
for the time being. I am trying to not end up with
COAL IN MY STOCKING FOR CHRISTMAS. :)

Like everyone else some of my stocks have been taken out
to the woods shed and flogged quite severely.

I agree with your theory about the FUNDS starving the market for
money. Last month was the 4 th largest in flow of money into
the funds this year. The FUNDS will have to place that money
at some point. Micheal Rich mentioned that he is starting to
see some blocking buying on some of the stocks he tracks. The volumes
have been quite low on most of the rally days the last little
while if I remember right, indicating the little guy on
the street may be the only buyers. They have to run out of
money some time at which point we should get another
down leg. Let's see if the FUNDS can resist
being out of the market during the next leg down or not.
If not then we get a major rally.

I remember Laslo Biryini saying he would sell the next major rally
later in the year during the summer. The market and economic
conditions are slightly different now, but from a macro economic
point of view, we should be getting close to the end of the
current 7 year expansion cycle.

It is getting chilly in my part of the world right now. Winter
is definitely coming. Not quite time for skiing yet, but time for
tights and winter gloves when riding my bike.

How is your children's book coming by the way? I have some nephews
that are getting about the age when they can read.

Take care

Harry