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Strategies & Market Trends : Stock Attack -- A Complete Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Sonki who wrote (13306)	7/28/1998 1:45:00 PM
From: Robert Graham	Respond to of 42787

Looks like WCOM may be breaking down. We will see what happens at the close of trading today. As long as MSFT stays above 112 I think it will be OK. I think it would normally be too premature to take profits in INTC at this point in time. But considering the market conditions, I would begin to take profits but leave some in. There was selling activity at the start of the day and no buyers stepped in until 86. A bottom is attempting to be formed at 86, but it is much to premature to see if it will hold. 86 is important since it is the close of yesterday's trading so I am not surprised that a it is holding there. I the stock closes below 86, I would use this as a decision point of some kind, because I think it may revisit 82 if this happens. Perhaps take 1/2 of your profits now and the rest when then break through 86 happens. It is up to you since as you know I cannot advise you on specifics in the handling of your money and where you got in with respect to the options and the option premium you had to pay. In this market, be very willing to take profits because the broader trend is curently against you. Bob Graham