To: Berney who wrote (4058 ) 9/22/1998 6:25:00 AM From: MonsieurGonzo Read Replies (2) | Respond to
Berney; RE:" triggerphobia "Interesting Trivia: 38 are beating the Index with a median return of 22.9% ... The DJIA was actually at a - 0.2% at Friday's close. So, I would expect that gap to close; either the S&P comes down or the DJIA goes up. I vote both up (to 10/9) with the DJIA outperforming the S&P. We'll see ! SPY has been out-performing DIA and MDY for some time now. Personally, I consider the DOW to be a poor indicator; further, I would not expect the DOW to gain on the S&P unless/until kapital spending gains on consumer spending.Had CMB targeted today at $44, but, alas, I missed it. BT - Bankers Trust , which will be ex-dividend WED and pay out $1.00 per share in October. Lousy fundamentals probably turn you off, but the stocks all move together in this sector. More interesting is AIB - Allied Irish Banks . No options, but a real mover Bank ADR. Let's watch it go up +3% to +4% tomorrow ;-)I don't follow PHG, but isn't amazing what market has done to that stock's price. So much for Buy and Hold! A friend and I were talking today about how difficult it is to pull the trigger when every time you turn around, the vast majority of stocks can be had at a better value. Leads to triggeritis or triggerphobia. <g>the same thing, all the time . However, one can still find things to hold on to in this market. Rotation (in mid-July) to UTILITIES would have been an inspired strategy. Buy those suckers on any dip in this environment, IMHO. Indeed, I now find myself scanning the YIELD column for anything over ~5% with decent F/A.scalp 1000s BT - Bankers Trust today, but like an idiot, I entered my order to buy @ 60 even, instead of 60-1/2... with the idea of catching the WED ex-dividend date, selling 9 Oct 60 CALLs after it bounced (to exit), or - dumping ~90% of the shares and holding the (profit) ~10% (~100s) remainder as a 6.6% yield income-producer in my tax-free (IRA) trading account.preferred stox that few people follow would be interesting, Berney ?
