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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 (20469)4/16/1999 8:53:00 AM
From: Lee Lichterman III  Read Replies (1) | Respond to of 42787
 
Montgomery must have a lot of calls about to expire in the money. They just downgraded EMC for the second day in a row. I have never seen anyone do this before. They must be mad they couldn't hold it down for expiration so they are trying again. I hope one of the big money guys decides to make it hurt and runs it up against them. <g>

Re: the bad fill, I called Waterhouse and they said because they were odd lot sales, they didn't have to show as the highs of the day. What a coincidence. Oh well, Why argue on a stock that moves 5 points one way or the other everyday I guess.

Good Luck,

Lee



To: dennis michael patterson who wrote (20469)4/16/1999 9:16:00 AM
From: Electric  Read Replies (1) | Respond to of 42787
 
dennis,

Looks like our AMZN is getting upgraded today, that ought to be good for an earnings rally. They report on the 28th I think?

Somthing feels funny, maybe it is the sound of SUNW falling. Sell news has been the pattern for the larger caps of the NAZ.

Today ought to be interesting, I want to see if the nets can hold on to opening gains, and move forward.

AMZN bidding up 15..




To: dennis michael patterson who wrote (20469)4/16/1999 10:45:00 AM
From: Lee Lichterman III  Read Replies (2) | Respond to of 42787
 
Well, I just got shook out on my calls. The action just doesn't look right to me. Too much volume and when it broke 110 support, I bailed. Hope to get back in on a dip to 105 area. Probably a stupid move but I have had 4 losing trades in a row and couldn't afford a beating again. (not that this 25% loss didn't hurt.)

Good Luck,

Lee



To: dennis michael patterson who wrote (20469)4/16/1999 1:25:00 PM
From: Lee Lichterman III  Respond to of 42787
 
Well, it still can't make up it's mind. Just came back from running some errands and see it bouncing around support still. Don't want to risk a buy when I have to leave soon. I see minor support below here around 105 then better support around 97-100. There is a gap to 120 that needs to be filled but not willing to take the risk right now. I hopefully will get a peak at it before the market close and hope to jump back in.

PS - They are jerking around with the call prices. It is trading 3 points lower than where I sold this morning yet the call is still trading at the same price. Heck I could have held if I knew the price wasn't going to move with the stock. Arggh

Good Luck,

Lee