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


To: dennis michael patterson who wrote (19785)3/4/1999 11:08:00 PM
From: Electric  Read Replies (1) | Respond to of 42787
 
hey dennis,

Long time no talk.. Looks like you are doing as good as ever in the market!

I am with you about a general bearishness in the market. I cant get over it, I sit there and watch the market and I am thinking there will be a visit below 9k in the next while. I am discouraged about the A/D line and the NAZ, how weak it seems. The news on DELL today had me thinking it was the cure for the woes the stock was having, but it only ecked out a 1 point gain.

I really like EBAY (still). To think that a few weeks ago one could have had it at 240 pre split. The split just narrows the spread and increases the volume in the stock. I would love to jump on with any weakness, options are really not as pricey as one might expect.

Me? I am waiting.. still. I think that prices for stocks I like are too high, and I am not getting in on the top. I would like to see DELL in the range that it went to after previous earnings, say about 15 points from here. Then it looks good for a leap position.

AMZN, I think the minority stake is going to really boost the bottom line, margins for drugstore.com are likely to be fat, and AMZN is always on the prowl. I dont mind that they are not trying to make a .01 or .05 profit, rather add to the business, that makes great sense to me.

I also think that the DD's got overtaken here and might be good for a pop, especially HMTT and SEG.

Take care, sorry for not contributing.

E