IKe ---
It is soooo good to turn on the "Idea's" channel after being gone so long, and see the amazing Ikester still going strong, imparting his knowledge and wisdom on the markets for free to the masses who would tune in. (Uh oh, I better not give Ike any ideas on Charging for this great service <ggg>)!!!
Good to see you are long and strong on the market. Ike I have a question on the short-term. Why hasn't market traded in a tight range due to the negatives (clinton fiasco, Iran war talk, etc) truly offsetting the positives (earnings, economy, Deficit,etc)? Additionally, why won't we see a quick decline in the SPX before heading up further due not only to theses negatives and the fear they impose, but also due to the entirely too steep runup?
Ike, could I also trouble you for your thoughts regarding a friends position in 1050 April SPX calls sold short. He sold 5 of them and is thinking of ofsetting the risk by buying 2 1010 calls, setting up a ratio spread ... your thoughts would be greatly appreciated.
I saw INTC hitting 90 the other day! Tremendous. The pullback in my estimation was a combo of the steam running out and anxious profit-takers (or should we say break-even wannabe's from the Oct. crash). I see it headed a little south to 85 for the close, and then we march up with the entire Sox! LSCC making its move now ... What do you like best in the SOX for Call buying today?
I'm looking forward to more regular attendance now that I got both the and work computer humming |
