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Strategies & Market Trends : Technical analysis for shorts & longs -- Ignore unavailable to you. Want to Upgrade?


To: space cadet who wrote (17828)9/29/1998 9:56:00 AM
From: Clint E.  Respond to of 69866
 
Hello Space Cadet;

>>>Favors is now saying it is a matter of days till the market corrects/crashes...as low as into the mid-high 6000's before rebounding).

Very gutsy and highly unlikely in my opinion....Let the best man win.

>>>I think amzn elnk mspg and maybe brcm are all good candidates for collapse...Any others you like for putting/shorting?

…..Of course you are talking about a trip to 6.4k ----> in that case, you can short anything you want including AMZN. I would stay away from ELNK and MSPG because of the interest in telcos in buying up smaller ISPs. BRCM I don't know. I think the lock period is up next month so it should slide anyway. Others I would add? BANK stocks. If we slip, they go to hell.

>>> Also if the collapse does come I won't miss out this time on getting into msft csco emc dell. Any others I should be watching for besides those gorillas?

I would add INTC at 72, BMCS at 44, LU at 65, NOKA at 70, MRK at 118, PFE at 92, BGEN at 52,.....YHOO at 92, AOL at 88......

>>> Another interesting stock you might not know about is ccrd. It's definitely a new favorite of the smart money crowd. It reminds me of Cascade Communications in its early days. Check it out, even though right now it's at a new all time high.

Thanks. Cool, another MA connection. I'll check into it.

Later;

Clint



To: space cadet who wrote (17828)9/29/1998 4:17:00 PM
From: Clint E.  Read Replies (3) | Respond to of 69866
 
Well, the news is out Space Cadet.

I went flat sometime before the close because I am expecting a rough opening tomorrow AM. Looking for a test of ~7.9k tomorrow before I start nibbling. We could start rallying back on Thurs. during AG testimony. He knows that he is still on the hook.

Didn't short anything. Just took profit & made room for bargain hunting.

That NT warning was pretty rough on the tech sector. Everybody started packing into intc, msft, dell, yhoo...which means time to get out.

Clint