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Strategies & Market Trends : Lessons:"How to" properly exploit Price DROPS, in stocks -- Ignore unavailable to you. Want to Upgrade?

To: Jim Goodman who wrote (433)	1/21/1998 1:02:00 PM
From: Alias Shrugged	Respond to of 660

Hi Jim 1. What other sectors besides gold are you looking at for the long side. 2. Are the airlines ready to be put, or would you wait for a more developed top. 3. What do you think of ABF. Wait until it returns closer to 72? 4. Regarding some of the pot. puts you mentiuned, would you wait for ACCC to move back to 51-52, for SEBL to move back to 48-49? 5. TWMC should prove interesting in the future! Take care Mike

To: Jim Goodman who wrote (433)	1/22/1998 5:12:00 PM
From: Jim Goodman	Respond to of 660

to all: as I mentioned recently, today's drops in Oil Svc. issues, again, smacks of stage 5 or 6 action, in their "PSYCLE sm"....but, note, few broke to new/still-lower-lows....so , I still did not/do not like many of them long here on a blanket basis, but still watching UTI., MAVK, NSS, NS, in allied oil. svc. ind. groups, as pot. longs, as their depressed sgtage 5 or 6 bases form ? we shall see.... also note/learn/see, how several of the oil svc. issues did nothing, so far, but have an expected "S.T. bounce-to-their-still-falling 50 -day moving averages" before falling again, dig ? (read my early lessons again).... last, again, they may all still have better, bigger, buyable opportunities technically, when/if they form better bases soon.... will watch for this, on given oil. svc. issues, for potential longs....and, kudos, again, to any of you who DID happen to buy oil svcs. right at their jan. 4 or 5 lows.... "PSYCLE sm" traders still prefer to have at least "some" kind of a base form, before we buy anything long....but stage 5 or 6 bounces can be a.o.k., as I said.... hope this is clear....but this thread should still be primarily for new "puttables"....just wanted to follow-up in a lesson....enjoy,