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jenna

06/23/04 7:20 PM

#23719 RE: Profit_Ace #23718

OVTI thanks! COGN also not bad, depends on how itt trades tomorrow. Its best sticking with and "milking" trades through the culmination instead of chasing new ones scores of times a day. I had a feeling they overdid the downside with OVTI. One of the other emailed "put" plays is down after hours but it hasn't officially reported yet, so it could still fill a gap down but hoping for lower prices (like NKE last quarter!) If the market recovers the best gains will be in the swing trade, but also some overpriced companies might actually retreat after their reports (so the gap 'n crap and gap 'n snap will be alive and well this earnings season) Changed "weightings" of some ishares before I left to stronger technology and out of the oils so we'll see!

A couple of well positioned ETF's for July should do the trick for those who plan to partake in other endeavors beyond daytrading and overtrading. GS probably will hit 90 so I'd hold the calls or trade to the higher option price (also MWD), HHH and OEX are finally looking good . AHC after hitting a new high needs a rest! TASR I do see this moving to 40 but not all at once. The 30 calls are already 4.00 so its now a matter of taking profits (probably this week) an picking up some July 35 calls for TASR) This will be the third trend in TASR that we get (instead of holding through downside in hoping for a recovery)