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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED

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To: Voltaire who wrote (25797)12/19/2000 9:10:59 AM
From: im a survivor  Read Replies (2) of 65232
 
Didn't greeny already kind of move to nuetral in his last speech??

So your bailing on everything if they dont go to at least nuetral, huh?!....Hmm, the king of the bulls running for the hills. Could that signal a bottom.....I mean, you've been saying buy this market all year long, and all we've done is go down. Now finally, 2000+ points lower, the king runs for the hills.....Vster, you sure you wanna do that? You yourself even say regardless, we eventually go higher......

What do you make of extr in here? I do like the fact that the premiums are ripe for some cc writing. My concern, is that even though it's at $55, it still sports a hefty PE and valuation. It could be on it's way for alot more downside. On the other hand, if she holds, or doesnt drop too much further, it would make a nice CC play as the premiums are very nice.

Opinions....anyone?

keith
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