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<font size=3>Realtraders,<br>
<br>
As a continued update of this mornings post, I missed my fill on
YHOO by 5/8 of a point. By the time I realized it, YHOO was trading
almost 20points off of its low. Therefore, instead of chasing it, I
will cancel the buy order at 315 5/8 and replace with a new limit of 301
5/8 as I expect this morning decline has not reached a climax. The
second open order of 245 remains in effect.<br>
<br>
John Boggio<br>
<br>
<br>
At 09:25 AM 1/25/2000 -0500, you wrote:<br>
<blockquote type=cite cite>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 </blockquote></font></blockquote><br>
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</x-html>From ???@??? Tue Jan 25 07:54:25 2000
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Date: Tue, 25 Jan 2000 09:39:55 -0600
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Status:
Does anyone out there know of a good sorce for expected international
releases. Germany just released their CPI and I have no idea what was
expected and what the market's reaction might be.
Also, I just ran across a sight at http://www.langston.com that seems to be
a good sorce for charts and info. Haven't looked too hard at it but it
looks informatiove. I am not associated with Lanston Hughes, nor do I use
them for execution.
Any help would be greatly appreciated.
Mike Knapp
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