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Strategies & Market Trends : Stock Attack -- A Complete Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Electric who wrote (19234)	2/5/1999 2:37:00 AM
From: Lee Lichterman III	Read Replies (1) \| Respond to of 42787

Sorry about that. I thought you recomended FLEX at the beginning of this bull run so when I saw it as a short opportunity, I figured I would run to the source. Now I wish I could remember who was playing it. Too late now. Hopefully you'll get our weather from today now. It melted everything off and it was gorgeous out. I talked to my contact at Micron and while they are still spinning the everything is fine story to the press and analysts, he said they are standing around with their hands in their pockets with nothing to do. I guess they over stuffed the channel and are done for the year (read - back to normal). Now imagine when Korea spins back up and resumes the flood of cheap DRAM. I just can't wait for some sort of bounce so they'll hit my little teeny tiny yellow resistance short trigger line so I can bet the house <g> Mr. Softie is looking pretty soft too as is GTW but I hate betting against the big boys when they have been running. Seems all the little guys already got hit though. I may just sit on the sidelines here until I can tell for sure if this is a bull flag or a bear trap. Man I wish I had pulled the trigger on IBM. I kept calling it but didn't have the guts to move on it because it just refused to break down. Thenn when it finally does, it went all at one. It hit my target so now what? LOL I think we'll see 1220 SPX, 610 OEX and 2200 NAZ before spring so I may just see what holds up vs what breaks down here and then move in. Dennis has me seeing the light on EMC so I just have to figure out a good entry price and then time it before it runs so I can get some moves in calls. I am afraid to play DELL since I haven't been impressed with PC sales. did you see the numbers in CPU's release? Looked like CPQ from last year. Stuff the channel to make things look good now then pay for it later. Same with what MU pulled. It fools most people but sooner or later the truth comes out. Hope things slow down and give you a break soon. Good Luck, Lee