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.

Strategies & Market Trends : Rande Is . . . HOME -- Ignore unavailable to you. Want to Upgrade?

To: Joe Smith who wrote (38377)	10/14/2000 2:31:42 AM
From: Trumptown	Respond to of 57584

<<will get up around 3500 or so on more good earnings ,a Fibonacci retracement, and then we will have our typical late-earnings season yawn and will retest at least 3150. Any thoughts?>> We should see 3500, or so before next Friday (Wednesday-ish)...expirations week...lots of 'in the money puts' out there...I'm sure the big guys want a piece of it. Did you notice all the analysts suddenly talking up tech... September has been very painful on the long side (ouch). Many who are holding will look for an early exit...making a strong case for a retest (or worse) as early as the following week...curious to see how it plays out. Many on this board are playing the short side...Personally, I don't like it...kinda like being in the foreclosure business. In any case, the high number of shorts continues to make thread plays challenging...but that's life. An effective strategy is to hold off on buying immediately...I'm getting much better prices after they knock things down...making the pops that much better, because st shorts are on board (no sympathy here for a squeezed short...comes with the turf)...it's all a big game of chess. SR