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.

Technology Stocks : INTEL TRADER -- Ignore unavailable to you. Want to Upgrade?

To: Trading Machine who wrote (8233)	4/17/2000 8:40:00 PM
From: MonsieurGonzo	Read Replies (3) \| Respond to of 11051

Paul Bunyan and his Blue OeX ? well... we hope OEX gets more pulled up towards its 50d EMA sittin' just above the gap around ~780, than it gets dragged back down by the gravity of its 200d EMA around ~740. Right now the action is mostly blue-chip, investment-grade stuff so, we want to see breadth spread out a little bit (note the hammer on the RUT.X) but, we don't want to see $$$ kapital being pissed away on Dot.Com and Buy-O-Tech risky/frisky junk. I would guess that the option boyz in Chicago max their profits when options expiry week/day is at or very near wherever the hell it was last options expiry day {grin}. Which would be fine with me: I sold WMT May 55 and MRK May 65 CCALLs last month, +3; they can take it (the underlying shares) or leave it. Didn't have the ballz to sell QQQ 80 PUTs @ ~8 last Friday. I mean, Russian Roulette, Dude - "was that 6 down days or, only 5? Do ya feel lucky, punk?" otoh, with OEX+NDX both hitting their 200d EMA's, I closed my eyes, held my nose and clicked on "OK", exchanging $30K of BondFund for StockFund @ MKT On CLOSE Friday. Sure, looks fine today but, just like you and TB - I'm wondering WTH happens next ? -Steve