Zeev's Turnips - No Politics Message Board

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Strategies & Market Trends : Zeev's Turnips - No Politics

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To: mishedlo who wrote (48735)	4/8/2002 8:19:53 PM
From: t2	Read Replies (1) of 99280

Mish, The equity put/call in the first few hours of trading was the highest I had seen in a long time. There was fear this morning, no doubt about it. It looks like that after the IBM warning, more and more people realize that a disappointment from a big cap tech name will not be a surprise. Maybe enough to give this market a push..for a little while. What I did not realize this morning was that after an IBM blow up, you would expect a competitor (Compaq afterhours) to say that things are fine. It almost never fails! It is a sort of signal to the real business world that Compaq is moving ahead while IBM struggles...at least it can create that perception...and this can sometimes lead to business momentum. jmho

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