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

To: jef saunders who wrote (35303)	12/15/1998 2:11:00 AM
From: Bull RidaH	Read Replies (2) \| Respond to of 94695

Jef, I cashed out of GGO today because upside is limited from here. Placer Dome will not be the best performer in the upcoming bull run in the XAU, and at $29/share, it was close enough to the take out value (2.45 X 12.37 = $30.30). The merger won't close til the end of March, so there should remain a risk premium in the price of GGO that the merger won't go through. But I'm sure people who hold the stock through the coming months will feel richly rewarded when the bull run begins. But before it begins, we could dip under 60 on the XAU. Whatever the case, I'll be heavily long the index, a major (NEM), and a junior (Still TBD...Any ideas?). Regards, David

To: jef saunders who wrote (35303)	1/7/1999 2:14:00 AM
From: Bull RidaH	Read Replies (3) \| Respond to of 94695

Jef, I don't like Dell beyond 79.3 due to a very large pattern (megaphone)that targeted that for resistance. In fact, I planned to time the market based on when Dell achieved that area, so watch out! The market has a similar target now at 1274 on the SPX. I'll be liquidating some profitable longs in that area tomorrow, and may take on some cheap puts for a short term pop. But in the coming weeks and months, my reads say this market is going significantly higher!! Still in AMZN? Dude, you're cooking!! Check out SUPG, and check recent news. Looks like they've got a blockbuster drug coming soon, and the chart pattern is pointing to 15 in the near future. SUPGW (3.75) will double when that number is achieved. Message 7130010 Good luck, David