Donald,
I spend most of my time lurking but come out of my shell from time to time. I find your posts interesting and informative.
Just curious, you wrote:
"...and yes I am still seeing more and more weaknesses in the market, even in light of the market being up so strong.."
What indicators are telling you that the market is weak?
Incidently, I have thrown in the towel waiting for the market to reach a top.....and have switched from puts to calls.....the INTC number just confirms this for me. Earnings reports across the board appear to be strong, the bond market is healthy, and mergers are taking place on a daily basis.....all factors that seem to be taking this market to new highs at least until something unforseen happens.....Japan, Greenspan's health, Iraq, Y2K, a large asteroid headed for earth:)
Today I bot:
MRK May 125 calls
PFE May 100 calls
and holding CCL May 70 calls
I am still holding a few AOL and YHOO Puts just in case reality sets in.
Also, the Treasury will be making the final tallies of taxes received by the end of the month....speculation is that the surplus may be bigger than first anticipated......which would be another strong underpin for the bond market.
Just my 2 pennies worth, thanks!
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