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Politics : Idea Of The Day
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To: Michael Rich who wrote (13731)11/9/1997 10:25:00 PM
From: Tom Trader  Read Replies (2) of 50167
 
Hi Michael--good to see you back

>>I noticed that the posts on BK-thread outnumbered the posts
on the option thread. Are you still testing your indicator? :)<<

The posts on the BK thread have far out-numbered the postings on the options and ideas threads for a while. I think that there is one other component that has been missing during this sell-off: while the Kahunites are more vocal than ever -- this go around, there has been little sign of capitulation on the usually bullish threads -- and this combined with the overall complacency outside of SI causes me to believe that we don't have the kind of bottom that we saw in the summer of 1996 and April 1997. I could of course be wrong -- but that is how I am playing it for now.

>>PS: did you take the gift from IMNX today?

No I did not, though it is one that I have my eye on. I have stayed away from adding any new positions for a while--in fact, I have been hedging the long positions that I have--let's see what happens.

Regards
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