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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?


To: Earlie who wrote (84145)10/12/2000 5:55:02 PM
From: Knighty Tin  Read Replies (1) | Respond to of 132070
 
Earlie, Unlike BGR, I definitely believe that there is a Plunge Protection Team and that they will probably be knocking their heads together this weekend to try to save this thing. My guess is that if we see the Dow back to 4 digits and the Naz under 3000 tomorrow, we will see action early next week. I predict a bounce, even a major bounce, then lower lows and a lack of ammo on the part of the PPT. I will try to play a potential bounce, but most with out of the money calls, not with long stocks. Too much risk there.