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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?


To: GTC Trader who wrote (15830)4/9/1998 2:59:00 AM
From: Bull RidaH  Respond to of 94695
 
Hi H.B.,

I'm looking for another 9 % or so down in the Nasdaq stocks. They ran ahead of the rest of the market in this slide, and will probably be the first to bottom, as they usually are in severe downdrafts. I don't see Cisco dropping much more than 10% under current levels, so April 50's seem out of the question. Maybe you could put a limit order in to sell for 1/4, and during the height of the fall, it get's picked up from some panicky putwriter. Motorola 55's should be a fine investment over the next 4 days.

Good Luck

David