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Well it has been awhile since I have addressed my
trades. Seems like I have dug myself a hole. Since
I have been sitting on these trades with some
pretty good draw down. I have to sit and wait
because I have zero buying power. I have been here
before and I still don't like it. It isn't very
productive. (Well I have done some much needed
cleaning around here.) But that doesn't count.
I covered 100 shares of NWAC for a small gain. I
still am short 50 shares at 19 3/16. Currently the
stock trades around 26. My fundamental outlook on
this stock has not changed. I live in Minneapolis
and they are giving more and more money in these
contract negotiations. Plus to attract passengers
they are giving up to much money. If I had money I
would have taken another position short at the $27
level.
KEA - I am still short 100 shares at 30 1/2. I
could of covered around 30 about a week ago, but
decided to take a chance that it was going to move
lower. It is now around 37. Could break to $40. It
does move with the markets and I will say that if
we can get a correction I should be able to get
out with out to much of a loss.
AMAT - Has also moved higher and is now around 35.
I am short 250 shares at 3 different locations. 50
@ 19 1/2, 100 @ 25 5/8 and 100 @ 29 3/8. As of the
last few days the stock has been trying to come
down. But the market just keeps moving higher.
Then so does AMAT. My out look on AMAT has changed
since they have finished their restructuring. It
will help their bottom line but it is unclear what
demand for their equipment will be in 1999. My
guess is not that much demand.
Overall out look: My out look for the over all
market is much more positive than what it was 1
month ago. Even if the economy slows down, the fed
will use easing as a means to combat a slowing
economy. Hence large cap stocks prices will still
stay buoyed up. I will say that Greenspan's
surprise rate cut has screwed my thinking up. The
landscape changed to much and became unfamiliar.
Harley
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Well it has been awhile since I have addressed my trades. Seems like I
have dug myself a hole. Since I have been sitting on these trades with
some pretty good draw down. I have to sit and wait because I have zero
buying power. I have been here before and I still don't like it. It isn't
very productive. (Well I have done some much needed cleaning around here.)
But that doesn't count.
<P>I covered 100 shares of NWAC for a small gain. I still am short 50 shares
at 19 3/16. Currently the stock trades around 26. My fundamental outlook
on this stock has not changed. I live in Minneapolis and they are giving
more and more money in these contract negotiations. Plus to attract passengers
they are giving up to much money. If I had money I would have taken another
position short at the $27 level.
<P>KEA - I am still short 100 shares at 30 1/2. I could of covered around
30 about a week ago, but decided to take a chance that it was going to
move lower. It is now around 37. Could break to $40. It does move with
the markets and I will say that <U>if we can get a correction</U> I should
be able to get out with out to much of a loss.
<P>AMAT - Has also moved higher and is now around 35. I am short 250 shares
at 3 different locations. 50 @ 19 1/2, 100 @ 25 5/8 and 100 @ 29 3/8. As
of the last few days the stock has been trying to come down. But the market
just keeps moving higher. Then so does AMAT. My out look on AMAT has changed
since they have finished their restructuring. It will help their bottom
line but it is unclear what demand for their equipment will be in 1999.
My guess is not that much demand.
<BR>
<P>Overall out look: My out look for the over all market is much more positive
than what it was 1 month ago. Even if the economy slows down, the fed will
use easing as a means to combat a slowing economy. Hence large cap stocks
prices will still stay buoyed up. I will say that Greenspan's surprise
rate cut has screwed my thinking up. The landscape changed to much and
became unfamiliar.
<BR>
<P>Harley</HTML>
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