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Pastimes : All Clowns Must Be Destroyed -- Ignore unavailable to you. Want to Upgrade?


To: sammaster who wrote (38575)6/7/2000 4:47:00 PM
From: pater tenebrarum  Respond to of 42523
 
i'm agnostic re. short term...i had a few calls but have sold them all by now. i actually played some straddles, combinations of index puts (waste of money as it turned out) and some ind.equity calls (1 dud, 4 winners, two of them big).

i also think this rally may have more legs...but my sentiment indicators are all back in the danger zone by now, which makes rallies from here coin toss material imo.

right now i'm in wait and see mode with a view to re-enter short positions once this bounce looks like it's finished.

have to add though that the market managed quite a sizeable rally accompanied by extremes in sentiment indicators earlier this year, so this may still take a while.

anyway, from my PoV there's not enough upside left to excite me...i'm amenable to changing my mind however should circumstances change.