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Non-Tech : Invest / LTD -- Ignore unavailable to you. Want to Upgrade?

To: The Perfect Hedge who wrote (3356)	9/24/1998 10:42:00 PM
From: Lee Lichterman III	Read Replies (1) \| Respond to of 14427

Sorry for the delay. Just finished updating charts and still looking them over. Don't feel bad, I did almost the same, bought yesterday at 5 1/4 and sold today at 5 7/8. High sale was 6 1/2 but I saw the bid as high as 7 1/4. Argggh. I was sweating bullets every time it would bounce back to the 57 area so finally dumped on a limit order. 10% - 60% whats the difference <ggg>. Haven't figured out what to do yet. I still want to play the put side of the house. I got sell signals on all the tech leaders again slated for next Wednesday per my indicator. Of course it forecasts out ahead of time so it could change as next week gets closer but many of my TA indicators are indicationg coming weakness. The stochastics on many issues are topping and some turned downward today so they should be weak going forward. I am showing DELL, KEA, IBM, CSCO, CTXS all weak going into next week so the NASDAQ could be heavy. I don't expect much short term going into the weekend and Fed meeting Tuesday so suspect we will be fairly flat to down. I will probably play the OEX until next week gets clearer. I have Monday off work so I will be around on a fast modem for once and can do some real trading. I tried to cancel my sell order today when I saw the TICK plunge but the firewall on the work computer didn't get the cancel in on time so I missed. Get back to you again later after I stare at the charts some more or else I'll PM you if your gone. ( On first glance, I was actually considering IBM puts with a down side target of 127 at least. If CSCO fails to clear 66 3/4 again it could be a quick play to 62 also. Watch BGEN, it got downgraded today but I don't know the stock very well. I chart it for a friend of mine. I don't know if the down grade was before or during the market but it didn't lose much today, just fell below first support. If the down grade was after market close, it could drop hard since it had a major run earlier, if it drops below today's close which is right on a support line, it is an easy fall to 59 if not allot more.) Good Luck Lee