Galapagos Islands Message Board

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Strategies & Market Trends : Galapagos Islands

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To: Jorj X Mckie who wrote (30563)	3/4/2003 8:01:04 PM
From: X Y Zebra	of 57110

Thanks ! i will have to consider a subscription to stockcharts... seems to me the market better react soon if we are to have any sort of rally.... If we were to go through the Oct lows, it seems the next stop would be the 767 to 750 area... and if we don't stop there... it looks hollow... hmmm probably likely. alternatively... if testing the Oct lows succeed... rally could be as high as 923 to 965... there would have to be quite an event.... which I doubt it would take place. then again... that's why markets do the crazy things that they do.... now... thinking through the psychological reaction of many and with the encouragement of the media and government... chances are LTH's will just whither away... meaning we just sit there languishing (unless some unusual news were to appear...) if the slow death is the scenario, then selling puts against short positions could be a way to get some $$ on carefully selected strikes... in this way the time decay would work on your favor (as a seller of the put) and the exposure is relatively limited since you already own the [ss] position. Thanks for the colorful charts they do help...

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