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

To: dennis michael patterson who wrote (16337)	10/4/1998 10:20:00 PM
From: Lee Lichterman III	Read Replies (1) \| Respond to of 42787

Actually I am running out of ideas. You did just remind me by steering me toward other index stocks that the old Chrysler now Daimler Benz is being dropped from the index due to their post merger headquarters being in Germany and no foreign stocks can be on our index. I don't even know the symbol so I haven't looked to see how strong it looks. I will try to input some symbols at random in retail etc to see if anything looks weak. Any sectors you can think of to concentrate on? NASDAQ futures are showing down 13 points already and Oracle warned after the close Friday. Maybe MSFT would work but it has already been held back due to their court battles. Lee

To: dennis michael patterson who wrote (16337)	10/4/1998 10:32:00 PM
From: KM	Read Replies (2) \| Respond to of 42787

Here's a couple of shorts on my list: CCR, CTXS, XRX (thanks, Judy!) UAL. I bought my OEX Oct. 500 puts back on Friday afternoon, just to hedge, now looks like I'll make money on them unless we get some reversal overnight. The only things I am still long are ones which have indicated to us that they will have strong earnings (Intel, Dell, Sun). Got the Dell on Friday btw after selling it 9 points higher. I just wonder, though, if positive earnings surprises from Intel and Sun will be washed away in the downdraft. Rambling, tired from reading all this negativity.

To: dennis michael patterson who wrote (16337)	10/5/1998 1:50:00 AM
From: Lee Lichterman III	Read Replies (1) \| Respond to of 42787

I finished looking around and just don't like anything as a put candidate at these prices. I am going to play the OEX or wait for a bounce to re-engage later. I still think there is a chance for a short term bounce as silly as it sounds but with expiration coming up, I think the risk is too high right now. I have to be in Boise tomorrow and don't want to turn my back on the market with options open. After looking at the stocks we were considering, I just don't see much more than a couple points of profit versus the large amount of unknowns. Even IBM only has a few points downside compared to the 15 it had earlier when I was playing it. If CSCO crashes on the news I posted earlier, then maybe. Otherwise, I think I will hope for higher prices and engage there or else wait to see more favorable chart patterns. With only 2 weeks to expiration, the OEXs aren't as bad now as they were earlier. If I had a gun to my head and had to trade, I would probably try for 3 points on UAL, XRX and a couple points from CPWR if it bounces a little. Good Luck, Lee