Tech Stock Options Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Tech Stock Options

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: donald sew who wrote (37117)	3/21/1998 10:42:00 PM
From: Patrick Slevin	Read Replies (2) of 58727

Just a guess but I think Monday is positive. Too much follow-through from Friday, then Tuesday closing lower with the high around 10 or so our time. The problem for the next week is window-dressing. My guess is we do not get serious about any decline until April first. After that point my stuff has a gradual decline of 1400 points on the DJIA. If that does not happen I shall not get upset.....my trading is so short-term that I probably won't make a killing on it anyway. I was amused by Chevron, however. And I hear XON and MOB also made nice moves. Stocks like that were integral to continuing the upside bias. Once the techs laid off the community needed leaders from the Senior Averages and Chevron was a key to keep the motion going. But my personal view is that this cannot last, as earnings are below where reasonable value should be assigning stocks. As usual, if and when, the decline occurs every analyst on the beat shall point this out. Fact is, the decline should occur and they should be pointing it out now. But if I knew so much I'd be on the cover of Money magazine.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next