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Date Posted: 21:08:49 04/19/00 Wed
Author: Marty
Subject: Sherry!
In reply to: Sherry 's message, "What ya'll think about PS(H)IT?" on 18:34:34 04/19/00 Wed

Here is the scoop: I have sold Tlxs in one week three times for a 50% swing, bought back a little early on it at 40 but am satisified for I am so far up on it. Now, Rbak: why didn't anyone play this one. The point it this: the best of the best like th Rbak and Fdrys are the ones that get the money first at the bottom of acorrection. Later, the Rdwrs will get the money but not untill after the Ffivs have gone up. As you see, first the big ones (rbak and fdry, etc), then the ffiv, then the rdwrs. Last will be the islds and Bouts, you know, the fast growing heavy loss top dogs. We are beginning to close the first stage of the rbaks etc. They are pushing up to 100% already off the bottom. Jnic, never should have been at 20, maybe 35-30! So I made a hefty postion there off the profits from Rbak that I sold to early. I will not cut Jnic loose until 60 unless it makes up some ground too fast. Hoping to get a little more out of ffiv, the small position that I have. It is kind of the trickle down affect of the money, keeping an eye on how far up off the bottome the ones your playing (the big ones) while keeping an eye on the ones not yet moved realy (rdwr). The money goes to the smaller ones last but not least. Jnic and fdry showed a lot of strength today, rbak did not for the run up of late. Cant play them all, but made a shot gun approack last week, selling on anything between 20-50% iincrease of the bottom, of which most have done routinely. No idea what is next, should get some sideways movement on the watch list, some up while other down but not a panick situation. Stay with the ones not yet moved too much, lighter on the others. I feel the market wont realy pull back until closer to the fed meeting.

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