SI
SI
discoversearch

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 ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: The Perfect Hedge who wrote (38287)4/5/1998 9:52:00 PM
From: j g cordes  Read Replies (2) of 58727
 
Beeble.. Don's got Tues/Wed for the rollover, his looks very similar to mine and I've been accumulating puts. With cash inflows continuing to pressure buying its not going to be a floor falling in all sectors, there will be downside leadership and some sectors that safe haven benefit.

On Friday close, OJ and I exchanged a quick note on Monday being down because 9000 failed to hold. There's an old book "Never Sell Stocks on Monday," by Hirsh.. which points to the statistical probability of Mondays being down days. The odds are tempered only by confidence being near their highs which is contrary... though put/calls are ok.

There's no question that the market is extended in most every measure and the opportunity is much greater for the next 200 points to be down than up. Given that 200 points down will just start to dent the weekly rsi's and stochastics, profits might be easier for the futures/cash programs to accelerate and really scare some managers who have a full yearly profit return 16%-18% about to go up in smoke. They'll dump to keep their profits... and make room for those new trading curbs. We should have sold off in Feb, sold off in Mar.. but we haven't and its just made it easier to go in the opposite direction for awhile.

Jim
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News