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<font size=3>Realtraders, <br>
<br>
Below are some of my market thoughts with which I was sharing with
another RT member. I have decided to post them to the group for
your review.<br>
<br>
Hope this helps,<br>
John Boggio<br>
<br>
Jim,<br>
<br>
Unfortunately, I do not have the amount of time right now to give a full
analysis of current market conditions. However, I will say several
things:<br>
<br>
1. I have been cutting my position from the high tech, high growth sector
in half (note, this sector was dominate in my portfolio for the past
year, approx. 65%). This includes the sale of all the big name tech
stocks: CSCO, SUNW, ORCL, MSFT, YHOO, QCOM, NOK, NT, as well as the
Internet, B to B, B to C and wireless companies. Most of these
sales have taken place over the last 2 weeks, thus yesterdays decline
resulted in only a 0.5% decline in my portfolio. Which can
partly be attributed to my nearly 35% cash balance.<br>
<br>
2. Subsequent to the sale of these stocks, the newly available cash has
been used to buy selectively into the financial sector which I have been
and will keep accumulating for the long term: Citigroup, LEH, MER and the
XLF (S&P Financial sector) to name a few.<br>
<br>
3. I have already entered numerous GTC buy orders to buy back many
of the high techs (as mentioned above) at lower levels. I am using
classical chart formations and Fibonacci retracements to determine my buy
limit areas. Some of these are substantially below current market
levels but some of the things that I like that are not too far off
either. Examples:<br>
<br>
YHOO at 312 and 265<br>
QCOM at 121 and 105<br>
MSFT at 95 and 92<br>
NOK at 151 and 141<br>
NSOL at 165<br>
ORCL at 42 and 36<br>
CSCO at 93, 89, 84 and 80.5<br>
AOL at 53<br>
GE bot yesterday at 136.5/8 and open at 131 and 124<br>
ARBA at 131<br>
BRCM at 244, 205 and a distant 155 (Note, some of my open GTC's
have been on the books for several weeks or more, thus my ability to
still have them open. Based on current prices, it may be impossible
to place such buy limit orders so far away from the market.)<br>
CMGI at 105 (only 5 pts away) and 82<br>
CMRC at 158 and 126<br>
QQQ at 165 and 151<br>
Also have been buying WCOM and LU in this area, as well as HD and LOW and
DCLK<br>
<br>
4. Started selling my oil services but will look to buy back 15-20%
lower.<br>
<br>
5. I like the Biotech sector but will wait for a pullback before I
jump in. This is an extremely hot sector but over bought short term
<br>
<br>
6. I bot some Feb oex 775 puts at 15.25 (oez no) and will probably add to
that position during Tuesday's expected early market rally.<br>
<br>
<br>
Finally, I like the small cap tech stocks as a replacement to some of the
extremely high flyers or those companies with PE's in the high hundreds
i.e. 500-700-999. Yesterday I bot APSG at 14.125 and added to my
positions in CNSW, SSET, LASE and TRBO. With respect to TRBO, this
is one of my largest holdings which unfortunately has not done too much
over the last year but the story behind this stock is extremely
encouraging especially with their alliance with MYG (they have a patented
method on a new heat transfer system that should revolutionize home and
commercial cooking...similar but superior to the new GE Light Oven.<br>
<br>
Hope this helps. Ironically, I spent more time writing this post
than expected...I probably should have just conducted my SymWave Analysis
or given some other market thoughts on the direction of the
S&P...sorry, maybe later<br>
<br>
John Boggio<br>
PS Some of you think that I am an avid user of the Nature's Pulse
program, I do own the product but have not used it in nearly 3
years...sorry.<br>
<br>
<br>
At 07:52 AM 1/25/2000 -0500, you wrote:<br>
<blockquote type=cite cite>Thanks John for the reply...<br>
and not to bug you,..but<br>
if you have the time I know<br>
there are a few individuals on the <br>
RT group who would really <br>
apreciate knowing what your thoughts<br>
are regarding the market here.<br>
<br>
Regards, JIM </font></blockquote><br>
</html>
</x-html>From ???@??? Tue Jan 25 07:03:02 2000
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Date: Tue, 25 Jan 2000 08:49:50 -0600
From: Steve Walker <Steve@xxxxxxxxxxxx>
To: <realtraders@xxxxxxxxxxxxxxx>
kushned@xxxxxxxxxxxxxx,
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Subject: [RT] Re: MKT - Current trading plan 1/25/00
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RTers,
John's comment re the OEX put caught my attention and thot I would add my nickle.
Monday I bot in the money puts when the index crossed 782. Took profits at 776 and closed at 772. For today, if the index pulls back above 767 and then turns lower thru 767 I will buy in the money puts. First profit target at 746.50 and close at 734.25.
As a side note, is anyone using Point & Figure charts for daytrading or very short term position trading? I would like to visit.
Steve
>>> "G.John Boggio" <boggio@xxxxxxxxx> 01/25 8:25 AM >>>
Realtraders,
Below are some of my market thoughts with which I was sharing with
another RT member. I have decided to post them to the group for your review.
Hope this helps,
John Boggio
Jim,
Unfortunately, I do not have the amount of time right now to give a full
analysis of current market conditions. However, I will say several things:
1. I have been cutting my position from the high tech, high growth sector
in half (note, this sector was dominate in my portfolio for the past year,
approx. 65%). This includes the sale of all the big name tech stocks:
CSCO, SUNW, ORCL, MSFT, YHOO, QCOM, NOK, NT, as well as the Internet, B to
B, B to C and wireless companies. Most of these sales have taken place
over the last 2 weeks, thus yesterdays decline resulted in only a 0.5%
decline in my portfolio. Which can partly be attributed to my nearly 35%
cash balance.
2. Subsequent to the sale of these stocks, the newly available cash has
been used to buy selectively into the financial sector which I have been
and will keep accumulating for the long term: Citigroup, LEH, MER and the
XLF (S&P Financial sector) to name a few.
3. I have already entered numerous GTC buy orders to buy back many of the
high techs (as mentioned above) at lower levels. I am using classical
chart formations and Fibonacci retracements to determine my buy limit
areas. Some of these are substantially below current market levels but
some of the things that I like that are not too far off either. Examples:
YHOO at 312 and 265
QCOM at 121 and 105
MSFT at 95 and 92
NOK at 151 and 141
NSOL at 165
ORCL at 42 and 36
CSCO at 93, 89, 84 and 80.5
AOL at 53
GE bot yesterday at 136.5/8 and open at 131 and 124
ARBA at 131
BRCM at 244, 205 and a distant 155 (Note, some of my open GTC's have been
on the books for several weeks or more, thus my ability to still have them
open. Based on current prices, it may be impossible to place such buy
limit orders so far away from the market.)
CMGI at 105 (only 5 pts away) and 82
CMRC at 158 and 126
QQQ at 165 and 151
Also have been buying WCOM and LU in this area, as well as HD and LOW and DCLK
4. Started selling my oil services but will look to buy back 15-20% lower.
5. I like the Biotech sector but will wait for a pullback before I jump
in. This is an extremely hot sector but over bought short term
6. I bot some Feb oex 775 puts at 15.25 (oez no) and will probably add to
that position during Tuesday's expected early market rally.
Finally, I like the small cap tech stocks as a replacement to some of the
extremely high flyers or those companies with PE's in the high hundreds
i.e. 500-700-999. Yesterday I bot APSG at 14.125 and added to my positions
in CNSW, SSET, LASE and TRBO. With respect to TRBO, this is one of my
largest holdings which unfortunately has not done too much over the last
year but the story behind this stock is extremely encouraging especially
with their alliance with MYG (they have a patented method on a new heat
transfer system that should revolutionize home and commercial
cooking...similar but superior to the new GE Light Oven.
Hope this helps. Ironically, I spent more time writing this post than
expected...I probably should have just conducted my SymWave Analysis or
given some other market thoughts on the direction of the S&P...sorry, maybe
later
John Boggio
PS Some of you think that I am an avid user of the Nature's Pulse program,
I do own the product but have not used it in nearly 3 years...sorry.
At 07:52 AM 1/25/2000 -0500, you wrote:
>Thanks John for the reply...
>and not to bug you,..but
>if you have the time I know
>there are a few individuals on the
>RT group who would really
>apreciate knowing what your thoughts
>are regarding the market here.
>
>Regards, JIM
From ???@??? Tue Jan 25 07:25:56 2000
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Message-ID: <388DBC2D.3C66084F@xxxxxxxxxxx>
Date: Tue, 25 Jan 2000 16:07:26 +0100
From: Gwenael Gautier <ggautier@xxxxxxxxxxx>
Organization: CDC Marches FKT
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CC: realtraders@xxxxxxxxxxxxxxx
Subject: [RT] Re: Intra day hi in market, abondon ship
References: <ba.ce7202.25bf0133@xxxxxxx> <073701bf673c$4d8ae470$6eceead8@xxxxxx>
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No harm, but I am amazed at the amount of bearishness on this list. Only
negative market comments since last week, haven't seen that since last
october...
Frankly I don't have a clue, but it's a-musing.
Gwenn
Earl Adamy wrote:
> Current risk on SP appears to be 1368, ND 3400 and 3000, RL (Ru2000) 505
> and 480, NK 17700 all basis March futures. Unless something changes
> radically in my breadth models or we get a systemic shock, I believe we
> are continuing an ABC correction which began in early January and the
> upper values indicated should contain the correction.
>
> Earl
>
> ----- Original Message -----
> From: <Proffittak@xxxxxxx>
> To: <realtraders@xxxxxxxxxxxxxxx>
> Cc: <realtraders@xxxxxxxxxxxxxxx>
> Sent: Tuesday, January 25, 2000 6:37 AM
> Subject: [RT] Re: Intra day hi in market, abondon ship
>
> > In a message dated 1/24/00 11:07:20 PM Eastern Standard Time, Vaugh002
> writes:
> >
> > << Ben...another good call...throw the cheering crowd a crum and hint
> at how
> > you did it ..... take your pats on the back ....thanks tom vaughan
> >>
> > The call was made for many factors
> > first as you saw in eodcv chart curtesy of BOB R
> > the divergence is long standing
> > but there were many other hints
> > too much call buying
> > volume momentum short and intermediate gave a sell
> > macd histogram showed a bearish divergence
> > new hi issues were very low in quantity compare to the
> previous hi
> > in NASDAQ and Dow !!
> > smooth rsi show a bearish divergence
> > and just 2 weeks ago we actually had more new low on the NASDAQ then
> new hi
> > !!
> > this is not a healthy market
> > and YES we had in the last few weeks a BIG improvement in the ad
> line
> > when you look at the BIG picture (weekly)
> > and do the 4 week stolcastics on weekly ad line or macd on ad
> line
> > it is still TERRIBLE
> > we may be short term oversold
> > but
> > unless the vol. and ad line improves Drastically
> > (i do not see another new hi this month)
> > and not next month
> > happy trading
> > Ben
> >
> >
> >
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