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To: ViperChick Secret Agent 006.9 who wrote (12333)7/19/1998 10:45:00 PM
From: Chris  Respond to of 42787
 
mkt look:

mkt looks like it needs a pullback.. djia seems to be hitting a top trendline channel. (these are the most reliable indicators in TA imo).

ndx 100 also.

so in summary, we look for several things:

1) how far mkt will pull back.
2) if minimal, then we look for new buys.

i think #2 is important. dont let fear hold you back. i wouldn't go in "head first" when buying, but to buy cautiously (near supports).. why? i feel that we will be missing some GOOD rallies IF the mkt continues to go further. as long as mkt is not on sell, we are still in buy mode.



To: ViperChick Secret Agent 006.9 who wrote (12333)7/19/1998 10:50:00 PM
From: Chris  Read Replies (1) | Respond to of 42787
 
saw your post on PFE on TSO thread:

PFE is weak. i wouldnt buy unless new highs is obtained.

but i think we will have a better picture after this week's action.



To: ViperChick Secret Agent 006.9 who wrote (12333)7/20/1998 1:03:00 AM
From: Electric  Read Replies (1) | Respond to of 42787
 
Lisa,

I do remember, and sorry for the delayed answer..

I looked into HD options after I read your post, and the premies were excellent, never pumped heavily.

The stock might have went down a little now and then, but I traded that sucker like DELL.

There was no dump of premie with HD, I think I paid a buck premie for a 70 call on HD.. and that was in line with my calculator and lasted for a month.

The only time I have ever went against the calculator on a purchase was YHOO.. and I lost like an ugly step-child..

Also when I looked at BK (Home of the Whopper) the premies were fine, this isnt a volitile stock, and wont be pumped like PG or DELL would be..