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Technology Stocks : Micron Only Forum -- Ignore unavailable to you. Want to Upgrade?

To: DavidG who wrote (26396)	1/12/1998 11:52:00 AM
From: Patrick Koehler	Read Replies (1) \| Respond to of 53903

David, I am playing things on the conservative side. Over the weekend, I tried to compare the market patterns to October. On Friday, Oct 24th, the market was off 133 points, then plunged on Oct 27th. If one bought at the market opening on Tues Oct 28th, you would have done well. So, the big question, was, how to compare Fridays close to the October pattern. If Friday represented the Oct Monday Oct 27th pattern, then buying at the market this morning opening would have been the thing to do. I chickened out, and decided to wait for the computer to give buy signals, which occurred about 10:30 on a number of tech stocks. I was still chicken. I now have only some CPQ and MU calls, but afraid of market reaction to MOT earnings tonight. By the way, I have buy signal on MOT also, which would indicate possible good earnings report, and up tomorrow. No rules say I have to trade every day, so I am mostly on the sidelines today. Patrick