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: Tom Trader who wrote (41001)	4/23/1998 1:35:00 PM
From: j g cordes	Read Replies (3) of 58727

Long OEWQI at 9 1/4 Tom, I just looked back over a daily of the dow average.. do you realize we've gone from 7500 to 9200 in four months with little more than a sneeze! A 1/3rd retracement would be about 560 dow points, a 1/4 retrace of this move would be 425 points, a 1/5 retrace would be 340 points.. more reasonable, which equals dow average 8860 area. 8860 would just be a 1/5th retrace of the gains since the low of early January. This market is so conditioned on buying the dips being down 25points looks like a bargain.. anyone know how much we'd be down without PG, IBM and DIS?

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next