Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : LastShadow's Position Trading -- Ignore unavailable to you. Want to Upgrade?

To: Thomas Sterner who wrote (7713)	2/2/1999 9:40:00 PM
From: Dave Shares	Respond to of 43080

Long Possibilities CCRD 53 5/8 NETG 21 11/16 NTBK 49 7/8 MARG 12 1/2 Short Possibilities BEN 32 1/4 FLEX 36 1/2 NETA 49 5/8 MVSN 32 3/8 I am only posting relatively high priced stocks (>$25) for short possibilities, but I would note that MUEI came up as one of the short candidates. It closed terribly. David

To: Thomas Sterner who wrote (7713)	2/2/1999 10:00:00 PM
From: LastShadow	Read Replies (1) \| Respond to of 43080

The SPX I've spent some time tonight looking at the mutuals and the SPX charts. Here is a brief history: Starting in Jan 97, the market rose about 10% and corrected down 8% From April 97 through July of 98 the SPX rose in three runs with two horizontal corrections that lasted 6 and 3 months, for a 60% gain. Beginning Mid July through October 8, 1998, the market fell, with one bounce, for a total of 34%. Since Oct 8, the market has risen 36% and is now in thestart of a second month of horizontal corrections. Although we don't have anything to continue a rally, we really don't have anything to generate a fall, so I expect to see the market travel horizontally between 1215 and 1280 until something pushes it. Mutual funds depositied around $13 Billion each week the first 3 weeks fo January, and withdrew $4 billion in the last week. Due to the huge difference between this number and previous years, I don't have a comparison. The one thing that the market has for it is that continual influx of money-it has to go into stocks, bonds, money markets, commodities, or cash. But where? Right now its going to cash and bonds, and that will cause some sort of correction, because you have to have buyers at some price to sell your stock. Liquidity and Value. Anyone going to buy YHOO at its price tomorrow? Or CMGI, or even CPQ or DELL? Now pretend you area fund manager with your part of the $12 billion+ that just got dumped in your coffers this week... lastshadow