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Pastimes : Home on the range where the buffalo roam

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To: horsegirl48 who wrote (12977)4/23/2001 4:14:47 PM
From: mishedlo  Read Replies (2) of 13572
 
Horsegirl I do not see the bear threads all a flutter.
No gloating and message volume is down as well.

You are correct this is just one day.
The fact that it is just one day after what I will label as an insane runup, possibly suggests this is not the time to buy. Are we really only going to have only 1 down after these 100% gains then shoot back up?

Well I suppose anything is possible but 3 days of down consolodation would be more like it IMHO. They do not have to be consecutive, tomorrow could be a smaller up day I suppose followed by more of these. I would expect a retracement of at least 32% of that last move before we could have another leg up.

Buying here sure seem premature to me. In fact I added (small) to some now recovering puts. Fortunately my PUTs were all MAY so I have some time left to recover a bit more.

M
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