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Non-Tech : Invest / LTD
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To: Broken_Clock who wrote (6992)1/29/1999 3:47:00 PM
From: SJS  Read Replies (2) of 14427
 
But the reality of it is that you are now NOT right. The market is motoring higher and you're short, so your losing money and your NOT long, so you aint' making any.

That's double trouble. Look at this trend!! We may get a little scalping if it starts to decay, but the short's have been getting their clocks cleaned. Put are expiring worthless and stock blow past the strikes. Call writers are giving up their stock, but that's probably a better strategy (making the stock come to an expensive call option premium).

I am concerned for the shorts here. OOps...there goes more green as the RT DOW index push very quickly over it's intraday high....

The day aint done yet, and they could blow this right down, but psychologically, this is very impressive. If we close up and stay up, this is going to be very intersting.
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