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

To: Robert Graham who wrote (41264)	4/26/1998 6:02:00 AM
From: Patrick Slevin	Respond to of 58727

I believe that because your posts require a considerable effort to properly touch on your points, many are reluctant to respond. I can see Mike S. puts a similar effort into his post that you put into yours. I fully believe, as you say, that the S&P is the key to the market. If you have noticed recently, the DJIA is completely out of "sync" with the S&P. I think the money has been moving into the cyclicals and oil. The DJIA has been stronger because it's members include cyclicals. I don't read Barron's or the WSJ or IBD and I'm many issues behind on the stuff I do read, so I don't know what their posture is on this. The few hedge fund people I know or have known are definitely short term players, BTW. The bigger ones have access to a lot of information and many make a large bulk of their money from IPOs. They have carte blanche access to IPOs because of their activity. Actively trading several thousand shares of DELL and other stocks in the $50 to $100 price range is a powerful incentive for a house to include them in a new issue. Unlike the fortunate investor who a broker may discourage from quickly taking profits on an IPO, these people "flip" the new issue quickly for sizable gains. The 12 step program that you and Mike speak of sounds like something I have read of in the past, but whatever it was I do not recall. I'm sure that even if I were to ask around, I would get lost in the response rather quickly. Unfortunately for me, I'm not as bright as the people I hang around with.