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 : Clown-Free Zone... sorry, no clowns allowed -- Ignore unavailable to you. Want to Upgrade?

To: chic_hearne who wrote (26078)	10/9/2000 7:09:59 PM
From: pater tenebrarum	Respond to of 436258

interestingly, whenever Shaeffer has moved to a 'neutral' as opposed to a bullish bias, the market promptly rallied. nevertheless, he's no dummy and his observations are correct in this case...complacency rules right now, since it has become such a deeply ingrained belief that 'the market always comes back'. that belief needs to be shattered...then we may make a durable bottom.

To: chic_hearne who wrote (26078)	10/9/2000 8:52:57 PM
From: LLCF	Read Replies (1) \| Respond to of 436258

<So now that we've got those nasty earnings warnings out of the way, the "good guys" will begin reporting those solid earnings and the market will have no choice but to rally> Ho ho... even a novice knows that one of the hallmarks of a bear market is one that goes down in the face of good news. I'm not predicting, just going to be very interested to see what happens with the stock prices of some companies that present good earnings. DAK

To: chic_hearne who wrote (26078)	10/9/2000 8:55:42 PM
From: LLCF	Read Replies (1) \| Respond to of 436258

<5. To add insult to the injury in #4 above, option players in dead cats like Apple and Intel have been trading them heavily on the call side and have often bid call premiums higher than put premiums.> I would like to reiterate that I believe he has the wrong take on the excessive call volume when a stock craps out... what I believe is happening is 'buywriters' unwinding their position... ie puking stock and covering their calls [which they MUST do once their stock is gone]. DAK