I just do not understand this, I thought with the recent burst......albeit small.....amount of posts that Stock Swap would show on the Hot List and yet with only one or two posts the Spoos thread is there instead.
I just have no grasp on how any of this werks.
<support the view that the Nas is about to correct, due in part to fund rotations, but that could ignite a run for the exits by small investors.>
Well the success of GNET and CNBC and such is predicated on a rising speculative market wouldn't you think? Look around....I was speaking with some old guys today, much more ancient than even I. Doddering fools, people who speculate (my fault, it was I who told them how back in the shadows of time) by buying stock and writing calls......and as time went forward I made a second mistake and now they write naked puts as well as calls......
These! These are people who now "see" that valuing tech stocks is impossible and we should be buying them for the shrouded Future.
Pretty damn tough when the really old guys, who a few years ago did not know what an Option was, is now telling you that the Tech Stocks are the wave of the Future.
It's sorta like yer old man telling you that you should try to get a job in the Post Office or sumthin.
Well. I presume that the worst that can happen if we roll from Tech to Dow the Dow Stocks will maintain pace. The Naz has outperformed the Dow so convincingly,
the Naz Chart is so parabolic,
the only safe option appears to be to lighten the heck up. I would not Short the Naz with your money. But adding fuel to the fire is a mistake as well.
For those who are ready to slam me, I own Rambus from 43 bucks and you can check with Vance on that. So I'm not a perma-bear, I'm just concerned.
Come to think of it, who is around to slam me anyway? I wonder how many SS regulars from the old days are still posting? Maybe ten at best? It would be interesting just to get a sample to see where everyone is. My guess, there is 8, no more. |
