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Pastimes : Ask Mohan about the Market

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To: Cynic 2005 who wrote (13923)2/9/1998 12:47:00 PM
From: Cynic 2005  Read Replies (1) of 18056
 
Lunch time notes:
1. AOL increases the rates to 21.95/mo. Stocks sets new high. Mohan buys March 105 calls. (yes it is true, the Borg got me. -g-) Any how, I want to get on board with the short-squeeze.
2. To reduce my risk, I sold my HWP calls before buying AOL calls. Bottom-line, I want to stay on the side of insanity, just in case.
3. Bonds are pulling back big. LB rate up 4.2 bps. Don't know what gives, but it sure is bearish for stocks. Stocks are pulling back on very light volume. Some call it consolidation. I think we are at the brink of a huge swing.

The question is up or down? I hope it is down. But if it is up, I am hedged a little bit.

Please note - we are not talking fundamentals here. They no longer matter to this market. -g-
-Mohan
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