I am reducing my bonds very fast and have no much choice, I will assume that the way I think market should rebound it would never. I would like DOW to be 2000 point lower if GE MSFT IBM Emerson come up with warnings, I will quietly throw in the towel and trade on the short side by selling covered calls and buying puts a double jeopardy but that has not happened and may not it is not even right now. May be I have been so much wrong on this market that I don't even feel good to make an observation, however the 2 cents it is worth I think it may be market paying little too much attention to ''BVSN's IIX's DOT's'' they are killing them but they cannot get C or JPM or even GE.. that is intriguing, if lower lows are not made on these stocks some thing will give up.. may be you know that semis report was out today with 16.5 billion $ of orders, a 6.5% drop from Jan 2001 but higher than Feb 2000 last, now Feb 2000 last was when SOX was 720 now it is 480, yes it should be lot lower from Jan 2001 we are in so called recession, but why it should not be much lower than Feb 2000 numbers.. why these semis numbers today were better than Feb 2000, this has fooled me, the economy has fooled me, but i have
lived so far with my fundamental read and I think I will live that way, I continue to depend on that.. I wish you greatest of success on your endeavours to get the best results from the market, these are markets and these needs to be traversed the best you can.. My congratualtions to you too and every one we had our days nice ot see that in a very stable economy you bears are having your days, if I was a bear i would be a worried man, as a bull I am not....No gutsy move, if I miss the short side so dearly better make a the long side trade better. Imagine the leverage I am creating for very very little.. 2-3-5$ for few $ out of money sept to oct calls, pay 25 grand or 40 grand own 100 of them if this darn thing rally, all sins would be forgiven and ofcourse we need to place that trap for you bears to be caught, some one has to do the dirty job.
Twick right now we fools out of dfashion guys are doing it, are doing it. I long for a day when we have in next few weeks three consecutive limit up openings and these calls may be worth a lot more..gg
I appreciate your great read and great trades.. all along.. |
