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Strategies & Market Trends : Waiting for the big Kahuna

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To: kas1 who wrote (7663)10/27/1997 11:00:00 AM
From: Cynic 2005  Read Replies (4) of 94695
 
Hi Konard, at the time of your post, 5 hours 35 minutes of trading is still left. I don't mean to pick on you but didn't you claim to be a contrarian yesterday? I hope you know what that means. Buying OEX calls based on the increased number of posts and the popularity of the BK thread certainly doesn't qualify to be one. Not that you said so, but certainly many people on SI thought so. Believe it or not, the weekend popularity of this thread made me nervous but there are other factors I considered to stay short. The big factor - ignorance of several investors is still in tact.
You are right, when John Doe throws in the towell and sells everything it is time to buy. But not soon after Altera preannounces. -g-
-Mohan
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