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Strategies & Market Trends : Tech Stock Options
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To: stockycd who wrote (55590)10/15/1998 6:34:00 PM
From: Trey McAtee  Read Replies (3) of 58727
 
stocky--

AMEN. i just got off the phone with my dad. i spent an hour trying to explain that to him. question...wasnt the drop from the 60s bull top to the 70s bear bottom around 50%?

look, my apologies to jaime, but no one predicted this. it was an overdone rally based mostly on short covering. lets all be realistic for a second...we all know had this not come, we would be down or flat manana, and down big on monday. in fact, we may still be. IMHO, the fed has just created a long term bear.

good luck to all,
trey
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