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Strategies & Market Trends : Lizard King's Trading Swamp -- Ignore unavailable to you. Want to Upgrade?

To: Sparky Beardslee who wrote (3693)	1/6/1998 4:13:00 PM
From: Robet Butkus	Respond to of 7396

Great day on the long side. PAIR sold at 20 3/8 bought it back at 19 1/8.... Bought a little more MDCO. ALL downgrades in place on oil now, and if it was going to 13 it could have very easily..... Bought LTXX and doing well on IRSN...paid 7/8 for that puppy. Buying pain.....

To: Sparky Beardslee who wrote (3693)	1/6/1998 4:42:00 PM
From: Robet Butkus	Respond to of 7396

Sparks..watch BNO..recently sold it for a profit at 13, and rebought it today at 11 1/2. The OSX is volitile now and provides a great opportunity. The service sector had a bigger run than the oil companies, and ofcourse suffered the greater meltdown. Trading opportunites abound here. As we all know, charts never take into consideration the emtional handicaps most sellers succumb to. This is a very important part of the equation. We all see the charts and read them the same, so there are no mysteries there. Also owned COHO between 8 1/2 and 9. Sold all of it at 9 1/2.. on the reco. So even in a shit market the opps are alwasy there. I will rebuy that stock in the low 8's again given the chance. Too bad the sector was hammered, or I would have made alot more. COHO..fundy is a sound co. Fear factor heavy now in this sector and downgrades are always at the bottom, so the analysts can sound like they know what they are doing.. morons. I cannot believe the companies that are being thrown away....love it.