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Strategies & Market Trends : Mu Gamma Lambda

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To: arno who wrote (1993)7/11/2001 6:49:06 PM
From: Jorj X Mckie  Read Replies (1) of 10077
 
I didn't get my bottom indicators triggered completely today, but the tickq getting to -1000 was a good thing. VIX came up to the BRL too. Maybe we have a bit of a rally into options expiration.

I think that the biggest factor here is going to be the huge short interest across the board. There are a fair number of retail investors who have been shorting which should start the first panic buying, but the big guns will be when the commercials start to cover. I believe that the retail short positions are nominal compared to the commercials.

I am really happy that I sold my KKD puts. If they get dragged along in the rally, the short covering could be really brutal.
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