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Strategies & Market Trends : Trader J's Inner Circle -- Ignore unavailable to you. Want to Upgrade?

To: Trader J who wrote (8965)	2/15/1999 6:05:00 PM
From: hoffy	Respond to of 56535

I think the internet stocks still have a ways to come down before they turn around and rally again in anticipation of the next holiday season.

To: Trader J who wrote (8965)	2/15/1999 6:25:00 PM
From: LTK007	Respond to of 56535

If your Inet scenario is correct I will be faced with a major loss on NAVR:( --I am 75% cash right now--but I have about 100k in NAVR--I best look for a hedge right now--but I will NOT touch going to covered calls as that strategy can wipe-out big profits simply because a spasm of fear( I got a breakeven on covered calls once,but as a result I lost a 200,000 profit,and said never again)---I will consider buying Mar15 puts Max90

To: Trader J who wrote (8965)	2/15/1999 6:33:00 PM
From: M. Scott Gegenheimer	Read Replies (1) \| Respond to of 56535

Jeff/All Finet Holdings (Nasdaq:FNHC - news) gained $0.88 to $2.44 after introducing its home mortgage Web site. I just got this recommendation through clearstation. Did a cursory review and it seems pretty interesting. FNHC, an e-commerce firm, facilitates home ownership through a variety of technology-based products and automated services for consumers and real estate service providers. For the six months ended 10/31/98, revenues totalled $13.4 million, up from $6.3 million. Net loss before extraordinary item totalled $7.4 million, up from $3 million. Results reflect increased gains on the sale of mortgage loans and servicing rights, offset by increased interest expense and compensation and related expenses. Price $2 7/16 up 7/8 Volume 7.5M on Friday (avg 393K) Mkt Cap 88.7M 52wk range 13/32-4 3/16 Major announcement of Friday: New Online Resource Combines Award-Winning Origination Technology with Comprehensive Mortgage Services for Faster, Easier, Lower-Cost Homeownership biz.yahoo.com Hired a new CFO in December, Heavy weight from Freddie Mac. biz.yahoo.com Regards, Scott