SI
SI
discoversearch

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 : Market Gems:Stocks w/Strong Earnings and High Tech. Rank
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Jerry Olson who wrote (94840)4/27/2000 10:53:00 AM
From: hjz  Read Replies (1) of 120523
 
Jer, I had targeted my favorite stocks this morning for a bounce because the shorts had made so much from yesterday's close to the open today. You are right, the NASDAQ has been going through these short cover rallies for weeks. It started on April 4th and then the 17th, end of the day on the 24th.

It seems as though the traders who are bearish on the market don't hold on to those puts very long. When there was a rally in the market last year, you didn't see many long traders sell the favorite stock when the market dipped, as a matter of fact, they bought more.

So, even during this down market, I think there is a sign that the bears are a little nervous and there are alot of people who aren't selling the core stocks now. It looks like this is near the bottom, we won't know until later in the year but I will make sure to look back at this post in a couple of months.

HJ
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News