*AV*--Actually, I think this recovery may very well have no time offset with the discounting of the market. By this I mean, the financial community is probably want to see orders in hand and a barrage of news releases and a few major companies reporting good earnings.
Though this concept is inconsistent with historical scenarios, this has been a very long and protracted downturn with too many false rallies ionterjected along the way. The uncertainty may change some old attitudes and result in a SHOW ME FIRST posture.
BTW-While I am concerned about the drops in tech prices today, I still believe we are in the claws of the Opions Fakeout Rally Beast. The big boys are taking everyone to the cleaners today on as many options as possible. The poor novice investor is being fleeced.
Prime Example: DELL
I was asked about some options in P-Mail I think and for that person, bailing out of her options and recouping some losses on Wednesday has turned out to be correct, even when the stock appeared to have gone up further. She is out and ready to buy 120 options (if price stays at 117 and does not fall below 115, which would mean buying 115s) in antication of the post split run up in this stock. The split occurs with enough time, I think, for her to make up more of her previous options problems. However, I wouldn't be playing options on a monthly basis but rather looking 2 months out.
Andrew |
