Tech Stock Options Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Tech Stock Options

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Tom Trader who wrote (6770)	4/3/1997 12:51:00 PM
From: Joel Brussell	of 58727

hello Tom: Long time, no talk to. This market feels different. We are on the flipside of the momentum game. If you want to talk about bear markets there's no question the NAZ has had one. This doesn't mean there won't be tradeable rallies for the nimble.. But shorting the stocks that are breaking down or about seems to be the name of the game. PSFT at resistance at 38 seems to be the case. The technicals fall apart, the stock heads down sharply, then 7/8 into the moves we get the fundamental announcement and the stock gaps down even if with the RSI buried already. There has to be short covering soon and with the McCellan oscillator at such extemes we have to get some kind of rally. Don't we? What does one buy? I personally think Id' rather buy murdered stocks where the news is already out and the technicals are favorable then buying the last of the generals (CSCO, MSFT<INTC) My guess these will break down much worse before the downmove is finished.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next