Poll tally #1 - Agree on Manipulation rrman stated that the capital required to do the kind of buying the last few days would be too expensive. What kind of buying? Look at the volume on DELL and some of the other "heavy weights" that move the indexes. DELL traded at half normal volume for the last few days. Hit the buy button a couple times a day when things slow down and the Mo Mo guys will jump on and take it for a while without you doing anything. Read the DELL thread sometime. Heck those guys think DELL will split as in the past for the next 3 years despite the fact that at that pace it would be bigger than CPQ, IBM, SUNW, GTW and MUEI combined. Stocks don't ever go down, any drop is only a buy opportunity. Do you think that it is a coincidence that the most numerous IBM put was 125s and though IBM was below that most of the past 3 weeks, it held 126 despite a lock limit down open today? Heck just with IBM alone you can prop up the DOW and make those puts expire worthless, two birds with one stone.
Why prop it up? Because if you don't, Saturday you lose, end of story. Index money goes bye bye and stock certificates get transfered. If you buy to prop, at least you have a chance to sell to Joe 6-pack after you put out a bogus upgrade or everything is OK message. Don't have enough cash? No problem, ever get a cold call from a broker with a really good deal? Remember, many of the options expiring now were sold when the DOW was at 9000+. They thought it was easy money selling puts all the way down saying to themselves, stocks are down, this must be the bottom, we can recoup the loss selling puts. Well now it must be the bottom.... Now it really really must be the bottom... Now it reall...
Got to go read another thread now, I hear they think it is the bottom over there. <g>
Lee |
