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Technology Stocks : INTEL TRADER -- Ignore unavailable to you. Want to Upgrade?

To: Marc Schiler who wrote (2942)	5/24/1998 2:06:00 PM
From: Jurgen Trautmann	Respond to of 11051

Marc, sometimes I make mistakes, sometimes I've luck. That's all. Why now? Just a few "feelings": Stocks are very high - and we need a rally at July; when should we get a selling if not now? Why Intel? IMO the market cannot distinguish: When they sell tech, they sell undervalued techstocks like Intel and CPQ too. Tech? No. If at all, I follow how stocks are doing when a broader selling or buying is happening - you understand, the "relative" behavior. That's for me an indicator how the public is comfortable with his stocks. I guess MM's are chicken - they try to jump into running trains. So I'm trying NOW to check when a train is slowing down. That's the point I change my investments - from long to short or vice versa. A last one? I don't believe that's a good idea to react on CNBC. F.e. after a "warning", you probably will have a selling, but two days later this movement comes back and nothing has happened. So, this is helpful for daytraders, but irrelevant for option-trading, where every "roundtrip" is $1-2 per stock (2*(ask-bid+comission)). I regret that I cannot supply good handy rules and hope, you can use the one or another thought. Jury