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


To: Knighty Tin who wrote (89405)2/11/2001 11:56:50 PM
From: mishedlo  Read Replies (1) | Respond to of 132070
 
Mike, do you have an opinion as to whether or not the Naz will hold the January lows? As to how long this bear market will last (give us a guru guess as to Naz bottom, bottom date, and a wild ass guess as to when the Bear market ends).

I have mine(and will post them, I probably already have but I do not think on this thread) but I do not want to influence you. Hope this is not putting you too much on the spot.

It is all too easy to get caught up in Bear Hype as well as Bull Hype, so I am looking for a little reality check.

PS. In spite of repeated profit taking I remain at 50% PUTs. Enough is enough. I have had a huge run and I am cashing out 3/4 of my PUTs (leaving those above Max Pain), and buying some short term calls (already in BRCD), as a hedge against the rest.

Time to play for a relief rally I think, or options expiry manipulations rally, or just a plain oversold rally.

M