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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?


To: James F. Hopkins who wrote (34395)11/25/1998 12:05:00 AM
From: Maryann M  Respond to of 94695
 
Thanks James,
I'm holding MALL - great, and DBCC - it's stuck (wish I had decided COOL when I bought DBCC -- coulda, woulda, shoulda). That's all I've got at the moment. Another run would be nice, and a few IPO announcements would be great for all of us.
Appreciate your reply.
M



To: James F. Hopkins who wrote (34395)11/25/1998 9:42:00 AM
From: James F. Hopkins  Read Replies (1) | Respond to of 94695
 
Fair Value is $3 on the futures, buy programs at $5, sell at $1.50
now at 1187.20 , so that's 79 cents below the buy program mark,
this can change fast.
There seems to be many more stocks in the sell baskets than in the
buy baskets, ( I don't know why ). But that means nothing if the
Futures don't drop.
International markets are mixed to down slightly, I guess they are
waiting to see what we do.
I sold late Monday except for one stock, and will stay mostly cash
until I see if we clear resistance.
I may sell a few puts on some stocks if the premium gets right,
But not on the internuts , I don't think they lead the market
but if we do correct they will correct more than the rest.
------------------------
We have started off to the upside, but will we hold it.
Jim