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


To: joe smith who wrote (40474)4/20/1998 5:40:00 PM
From: nukid onWallSt  Respond to of 58727
 
Joe,
Don't feel bad. I liquidated 30% in Nov. 97 (DOW:7800). Another 30% in Jan. 98 (Dow: 8100).....And 30% recently (DOW hit 9000 first time).
Guess what??? If I did not touch, I could buy a new BMW 98 (gain over 33% since Nov. 97).. Crying!! My kids have to go to inexpensive school now!!.
I just jump back in LU, CSCO, UNPH, JBIL, YHOO and SPYG!!! "BULL" market... I am not fighting the "TAPE".
Good Luck Joe,



To: joe smith who wrote (40474)4/20/1998 6:01:00 PM
From: Patrick Slevin  Read Replies (2) | Respond to of 58727
 
If I recall correctly they kept adjusting IBM earnings down through the quarter.

So what appears to be "beating estimates" is not so hot. That's why I said earlier that it appeared to be manipulated.

I hope they gun the market early on it. If so, it's possible to score on the short side.

If not then we have to wait. Best guess.



To: joe smith who wrote (40474)4/20/1998 8:34:00 PM
From: Patrick Slevin  Read Replies (1) | Respond to of 58727
 
Hi, again. Been studying patterns.

This early in the evening it appears that the pattern will move one way until 9:45 ET and then trend the other way all day into perhaps the close.

This is based on the supposition that it will move down then up.

This is a WAG if you will.