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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?


To: John Madarasz who wrote (47179)4/18/2000 2:52:00 PM
From: TheKelster  Respond to of 99985
 
Would anyone hazard a comment on the impact of options this week?



To: John Madarasz who wrote (47179)4/18/2000 2:54:00 PM
From: Benkea  Read Replies (2) | Respond to of 99985
 
John:

"Just kind of feels like a short term trap... a little bit anyway"

Well, there just had to be a monsterous amount of short positions before the panic buying began yesterday given everyone was looking for "Black Monday". I cashed in 10% to 40% gains today in several positions bought yesterday. You'd think those kind of gains would be taking out a schitload of short stops!