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Strategies & Market Trends : Angels of Alchemy -- Ignore unavailable to you. Want to Upgrade?


To: Bald Man from Mars who wrote (22065)11/29/2000 11:36:52 AM
From: HandsOn  Read Replies (2) | Respond to of 24256
 
KLIC with a PE under 5 and a short ratio of 3.93 looks good here.



To: Bald Man from Mars who wrote (22065)11/29/2000 11:52:19 AM
From: KevinMark  Read Replies (1) | Respond to of 24256
 
I'm thinking the VIX could 42 before it's all said and done.



To: Bald Man from Mars who wrote (22065)11/29/2000 12:15:55 PM
From: jjeannie  Read Replies (1) | Respond to of 24256
 
Is there any significance in the threshold, VIX of 35? Could you explain it to me?

This market is painful to say the least. I still remember that I (luckily) picked the absolute bottom of CIEN at $4 3/8 and AMCC at $3 1/4 (both split adjusted) two years ago. At that time, I sold 20 CIEN 10 puts at $2 1/4 with my last bullets. I had been averaging down CIEN from $67 at that time. How painful!

I think this market is in a very similar situation.

J