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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank -- Ignore unavailable to you. Want to Upgrade?


To: majormember who wrote (14103)9/7/1998 11:10:00 AM
From: James Strauss  Read Replies (1) | Respond to of 120523
 
The Market...

Skane:

The market should get a short term pop from the Greenspeak the other day... Many will view this as a last oppty to recoup some of their losses and sell into the rally... So, we may see a pattern of rising Dow in the morning and selling into the afternoons of this possible rally... By and large Earnings estimates are down for the third Qtr... So, it won't be long before the market reacts to these lower earnings estimates... I doubt that Greenspan would be willing to lower rates twice within two months... So, whatever rallying we get will probably short lived...

As for AMZN, the 50's or 52.50 PUTS look fine...

Jim



To: majormember who wrote (14103)9/7/1998 11:48:00 AM
From: Jeff Jordan  Read Replies (2) | Respond to of 120523
 
My Plan: Sell into rally tomorrow...when rally dies, go short.

It's a good plan, BUT don't be too quick....this will be at least a 2-3 day rally IMO until Ken Starr or something screws it up.

Tomorrow is going to BIG! I'm glad I picked up a few bargains Friday...I already know I'm going to be very sad again I'm not holding OEX options..... I'm buying early tomorrow off my watch list.

Let the internets run tomorrow.... I would wait until the gas runs out of AMZN first...even though sentiment is REALLY building for 50.

It's going to be fun!!!!! And very profitable....

Jeff