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To: MileHigh who wrote (9955)11/19/1998 12:32:00 PM
From: Ms. X  Read Replies (1) | Respond to of 93625
 
One should be careful with the semi's right now. The sector is extended into the 70% level which is where it traditionally reverses down. That isn't happening yet but I always play a little more conservatively at this level. Meaning, waiting for pullbacks and taking profits on trades when profit levels are reached. Interestingly, when a sector is at these extended levels, the stocks make there most aggressive moves - up or down. One could play the volatility very well but always have your finger on the button. If long, make sure the FA is in place yadda yadda and know the stop loss.

My .02 for the day.

Wheew exhausted now. More coffee.



To: MileHigh who wrote (9955)11/19/1998 1:22:00 PM
From: unclewest  Read Replies (2) | Respond to of 93625
 
hey milehigh good call on that deal. i'm impressed.