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

To: Electric who wrote (16616)	10/14/1998 2:24:00 AM
From: Lee Lichterman III	Read Replies (3) \| Respond to of 42787

Just be careful. I am seeing allot of mixed signals out there right now. I think we could do a nasty short squeeze before the final plunge. Of course I also see what Don Sew sees as far as a case for a drop at any time. With this mixed bag of indications, I am on the side lines and considering a series of spreads so I won't completely miss out on a break either way. DELL looks like it could bounce if there is a spark. With CPQ and Apple reporting tomorrow, it is pretty risky holding after the close tomorrow. CPQ only needs 6 cents and since they can write off allot and hide it in the DEC merger yet count their profits, it won't be hard for them to surprise to the upside. Many of our previous short picks are showing too much strength for me to be comfortable. COF and PVN both reported good numbers although there were a few warning signs buried deep in the reports. Right now, I am focusing more on EMC, XRX, BGEN, MU, LU and IBM for the short side but still feel it is too early to initiate a position. LU and XRX are getting real close but the others have a few more days of upside potential before they will be ripe. XRX is still showing amazing strength and I was mainly following someone elses lead when I started following it so I am not to comfortable there yet. I am considering a spread tomorrow since KEA reports Thursday morning and though my indicators show it may have topped out, I still feel it is under valued. Therefore I am thinking about long KEA calls countered with CPWR puts. I need to still work out the costs and strikes that would work the best. Good Luck, Lee