Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Pastimes : The Justa & Lars Honors Bob Brinker Investment Club -- Ignore unavailable to you. Want to Upgrade?

To: Jeffrey D who wrote (9987)	11/20/1999 10:25:00 AM
From: MrGreenJeans	Read Replies (3) \| Respond to of 15132

Jeff still others have dabbled in hedging You can always tell the professional investors from the amateur investors, (Jeff I am not implying you are an amateur I want to make an important point about hedging which has been discussed on this board in the past couple of days and your post inspired me), by the fact that amateur investors will always assume prices are rising and the downside risk is limited and usually double up their positions, (I have seen this in the option markets many times), while professional investors will hedge their gains each and every time. A question to the board: Guess which group of traders amateur or professional is still in the game, still trading, and prospering months and years later? It is not how much you have made year-to-date it is how much you will walk away with once the music stops.

To: Jeffrey D who wrote (9987)	11/20/1999 11:28:00 AM
From: Allan Harris	Read Replies (3) \| Respond to of 15132

More on Short-Term Timing from the Long Waves forum: On Friday, the Open 10 TRIN (an indicator I named many years ago, but did not invent) closed at its most overbought level in almost a decade. The Open 30 TRIN (Arms Index) closed at its most overbought level in five years. The price momentum on the Nasdaq argues against any top of significance being seen here, but the next few weeks should prove very interesting. By the way, in research I did several years ago, I discovered that one of the most favorable periods of seasonality all year long occurs between Thanksgiving and Christmas. It is virtually unheard of to see a significant decline (greater than 5-6%) between those 2 dates. That implies either that bearishness is premature here, or alternatively, that your December bottom leads to a significant rally that erases some or much of the decline that might occur here. Peter Eliades Stockmarket Cycles A