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 : Home on the range where the buffalo roam -- Ignore unavailable to you. Want to Upgrade?

To: Walkingshadow who wrote (10003)	2/10/2001 1:31:05 AM
From: mishedlo	Read Replies (1) \| Respond to of 13572

Thanks WS - I agree. Actually I went long today with a beaucoup of BRCD calls in anticipation of a Nas100 index addition runup. That is my only long, but if the market explodes up on monday I am sure BRCD will go up with it. We have had 3-4 down days in a row and options expirations are coming up next week as well. I am cashing out my PUTs on Monday. I hope we get a big gap down and I can unload my PUTs at a great price. On a gap up, I will likely hold for a retrace back to at least even. Fortunately, except for RIMM, I am not in stocks that move very fast at all. Plenty of time to watch EMC, CLS, ANF , and IBM to decide the best time to bail. As for a 3 week rally right now, I believe you are very very wrong. The bulls had a 3-4 week rally in Jan and it is the bears turn for 3-5 weeks of fun. I just figured this out but it seems we have had month or month and 1/2 up, then month or month and 1/2 down for quite some time. Until these inventory problems dissipate, I see no reason for this pattern to change regardless of what the FED does. People are bouncing from extreme exuberance to extreme despair with these hard bounces. I agree with Greg that we need st see some basing, or a washout before we have a firm bottom. If it happened tomorrow I would be thrilled, and not give a damn about my calls. I am buying the next rate cut as I said, I am assuming you saw my "cool post of the day" for that one. At that time, after a retest of the bottom at 2200 (actually I think we might see 1800 by the first week in March), then yes, we can see another 4-6 weeks of rally. As of right now I am extremely heavy in puts. Approaching 50%. I had my fun, time to lighten up. M