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To: Sir Francis Drake who wrote (2207)7/10/1999 10:46:00 PM
From: Joseph Silent  Read Replies (1) | Respond to of 10027
 
Francis Drake/ Morgan.....

I got stopped out (at yet another big loss, of course) on
Friday. I did not expect a decline that large for Friday,
and neither did I expect a crummy negative rumour.

I really don't know what to make of price action this week.
I am still looking for a good entry point. Its hard to find
objective aids on the newsboards with all the "noise" made
by rah-rah folks and shorts. [I understand its easy to say
hang-in-there when someone bought in the 40s or lower! :) ]

Thanks, Joseph

So do you have any thoughts on price action this week,
considering option-expiry? The factors to consider, I guess,
include lock-up shares (I have no clue if this is still
hanging in the balance or just an empty threat), PPI, CPI,
and options-expiry. I am most concerned with options-related
price movement. Do you have any experience with this?

Still wondering where to get in. I'd like to buy in reasonably
big and really can't afford yet another loss. Any suggestions?



To: Sir Francis Drake who wrote (2207)7/11/1999 9:17:00 AM
From: Chi-X  Read Replies (2) | Respond to of 10027
 
NITE Tanked about 1 hour before the Cramer Article was released at 2:59 PM EST which is 1 hour before market closes. Please look at the following YHOO chart to see for yourself and you'll the extreme drop from the 60's to 56 started out around 2PM EST while Cramer's article came out 2:59 PM EST.

quote.yahoo.com

Other forces are at work folks.


Cherio,
Chi-X hath Spoken!

"There shall be no wine, before its time."