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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: James Clarke who wrote (10340)	4/14/2000 3:54:00 PM
From: peter michaelson	Respond to of 78523

Jim: I'm keeping my QQQ puts. Protection peter

To: James Clarke who wrote (10340)	4/14/2000 5:02:00 PM
From: Investor2	Read Replies (1) \| Respond to of 78523

Re: "I am struggling with whether to cover some or all of my QQQ short at the close." Wow! Now that's a high risk-high reward position! Congratulations on the good bet. Best wishes, I2

To: James Clarke who wrote (10340)	4/15/2000 12:05:00 AM
From: Q.	Read Replies (1) \| Respond to of 78523

Two sentiment indicators suggest that we are within days of a bottom: * Today VIX reached its highest level since Oct. 98. Two views of this: tscn.com tscn.com * CBOE equity put/call ratio is unusually high Both of these indicators point to a very high level or investor pessimism, and they are historically good at indicating bottoms when they reach extreme levels, as they did today. I bought OEX calls at the close today. When you're in a hurry because you think you're near the bottom, this is faster than shopping for stocks.