|
B.A.Marlow, I actually sold on selloff CMGI puts,that garantee me ,if stock goes nowhere or up ,I just keep $4000, as price ,at which I sold 10 of them was 4....If stock goes DOWN and delivered to me , I pay 95 strike-4, my cost 91..not to shabby...In regards with market it,s not that simple....A/D line is steadily deteriorating, new lows 152, in order to have positive market, it should be 30 or better, VIX index, very low 29,4, which is typical for tops ,in October ,when we made bottom, it was 60,6, amount of bulls 67,8/ also typical for tops/, put/call ratio very negative, so despite buying dips ,its just the matter of time ,before we will go to 9100-8700 DOW, Nasdaq comp 2000-1900, and OEX Under 600 of course ,if DEll will deliver ,we may stretch it, but they need to beat 34c whisper handily and bring revenue above 5,5 bil+ at conference confirm ,that they will continue to grow at 50% clip...It will be tough...good luck Magnifique |
