Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Berney who wrote (3752)	9/1/1998 1:45:00 PM
From: MonsieurGonzo	Respond to of 11051

Berney; RE:" thar she blows " A bullish bounce, indeed - making hammers on the four important sectors: Techs, Drugz, Retail, Financials - though the financials are still weak, and brokers have been downgraded on account of (suspected) trading losses. Good grief - closing where we opened would be bullish! Interesting to note what does bounce. Lotsa people think we will go below DJIA-30 target ~7400. As so many people are bearish now, the trader in me wants to be bullish in the short term. The investor in me is sayin' that this is a technical rally, and the best I can hope for is a horizontal trading range. What are your thoughts ? -Steve

To: Berney who wrote (3752)	9/1/1998 4:05:00 PM
From: MonsieurGonzo	Read Replies (1) \| Respond to of 11051

Berney; RE:" back from the brink... " ...consider the folks who sold yesterday {sigh} well, the ADR's I bought yesterday, SAP NOK.A ERICY are making out like bandits so far. The weak USD has kept the EWG Germany and EWQ France EuroWEBS from going down as much as their respective markets have (in local currencies) in the last few sessions. This morning I executed my last 'buy programme' in the financial sector, and will sit on these in my core, in lieu of a sector fund or index option. The stocks I picked are CMB/STT AIG/GRN MWD/DLJ/MER, and they represent about 15% of my kapital. I am 25% invested, overall. DRG.X remains my favourite sector for scalping these oversold / technical bounce situations, and I was tempted to do so this morning with DRG.X calls, but didn't have the energy to play trader. You gotta go with at-the-money CALLs (when VIX.X / PREMs are so high) to scalp those index options. I remain uneasy about the fundamental soundness of retail. Still holding F in the trading account. -Steve