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Technology Stocks : INTEL TRADER -- Ignore unavailable to you. Want to Upgrade?

To: MonsieurGonzo who wrote (4999)	1/5/1999 11:48:00 AM
From: Jurgen Trautmann	Read Replies (4) \| Respond to of 11051

"When KingLeap (Jurgen) says he's buying SAP (or whatever)..." ...you should be very careful. Closed all SAP-positions today: 100 SAP-VZ -40k Euros 25 LEAPS -16k Euros 10000 SAP a.d.r. -65k US$ some calls -84k US$ ~$9.00 loss per share (adr) ~$0.66 loss per share (calls) Of course I'm thinking about this lesson - some results: Old mistake repeated: bot STOCKS Old mistake repeated: bot shortterm-calls New mistake: concentrated too strong in one underlying New mistake: believed in SAP's earnings-statement New mistake: expected no more warning 3 weeks before earnings-announcement Of course some mysterious observations are getting logical under this background: SAP's move to NYSE The missing rescue of SAP after last fall The very optimistic statement of October 98 The "merveillous" continously selling of SAP adr's The selling of SAP yesterday in an very bullish "Euro"-environment All together I should resign (I'm not president) - maybe apply for a new title "king loss" <g> Happy trading! Jury