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

To: Judy who wrote (15320)	9/1/1998 10:26:00 PM
From: Dom B.	Respond to of 42787

Hi, Judy...Thanks for your opinion on CMB's near term outlook. First, I shorted the stock at 72 when it's trend was down and then went long the Sep65 Puts; closed both positions when it hit 60 and went long the stock at 62...that's when I got burned 2 points when it turned south on me. Today, i bought the puts. Don't have entry/exit strategy, as I just follow the trend. Por ejemplo, I was able to scoop up some AOL @70, and sold @86 after the dow started to drop from 350ish. Perhaps too early. I held on to Dell that I got for 98 per, as my plan was to own it this time (i sold at 125 last week) even after it splits. But if we really tank around 9/15 as predicted, then it's gone... Hoping you're laughing all the way to the bank reading this post. Be well...//dom

To: Judy who wrote (15320)	9/2/1998 12:05:00 AM
From: FJV	Read Replies (2) \| Respond to of 42787

Judy, If one takes a look at an overlay of the BKX on the Dow during this bull, the relationship is obvious. Without the big banks, the market is dead. Tonight's news about CCI and its Russian problems is the latest debacle in a series which will bring the sector to its knees. Fundamentally, the credit bubble has burst. The overcapacity it has spawned has set in motion a deflationary spiral which will be very difficult to overcome. Technically, the BKX will cross the Dow to the downside very soon(vis-a-vis % gained from baseline est. in 3rd quarter of 1994). This will very graphically illustrate the last nail in the coffin for this terminally ill bull market. JMHO. Franco