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Strategies & Market Trends : Z PORTFOLIO -- Ignore unavailable to you. Want to Upgrade?

To: Ron McKinnon who wrote (2554)	2/12/1999 4:34:00 PM
From: DanZ	Respond to of 11568

Margin in the Z port. I seem to remember that the main reason we did away with margin in the Z account was to make our comparison to the market averages more realistic. Nice day for GUMM. I hope you got some early since you mentioned it last night. The stock broke short term resistance at 11 today. This, combined with the base at 10, makes the chart look real solid. I have been playing market maker in VLSI the past two days...Sold my long position for 1/4 at 10 3/8, shorted it at 10 3/8 and covered for 1/8 at 10 1/4, went long at 10 1/4 and held it. Well I guess I'm not playing market maker after all cause a MM wouldn't hold a position overnight much less a long weekend. lol Oh well, it's a fun one to trade anyway. It has good support at 10 and was probably held back from trading through resistance at 10 1/2 by the SOX. Have a nice weekend everybody. Dan