Zeev's Turnips - No Politics Message Board

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Strategies & Market Trends : Zeev's Turnips - No Politics

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To: westpacific who wrote (59322)	4/30/2002 7:23:20 PM
From: mishedlo	Read Replies (1) of 99280

West - Earnings are MEANINGLESS who cares When enough puts build up we rally When enough calls build up we sink It is as clear as that Look at SEBL action an look at puts on it for a very simple explanation. PEs, fundmentals, this, that, or the other thing are totally 100% irrelevant. Fundmentals suck. CSCO should be at $2 (or whatever - soory zeev just making up a number), but as long as 100K puts siting at 15 or 10 or whatever it simply can not or will not get there (except by slowing wratcheting down expectations on CSCO) AS CSCO QQQ INTC MSFT go, so goes the market. We would tank tomorrow if Ron bought enough calls. We will soar tomorrow if you buy enough puts. Otherwise we slowly sink until we collapse in a panic then soar back 1 month later cause too many puts in the money. Nothing and I really mean NOTHING else is driving this train wreck but options speculation IMHO. M

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