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To: Boplicity who wrote (10922)2/27/2001 7:03:33 PM
From: mishedlo  Respond to of 13572
 
April.
I try hard to avoid current month.
I pay more for the time but it is worth it.

One service I subscribe to recommended Feb 115 IBM puts. I was already in (before their call, one day earlier with MAR 110's), available for exactly the same price. IBM closed feb at 115. TOAST those 115's. The IBM MAR 110's proved to be golden.

The trend is down and the trend can cover many a mistake.
I had extremely poor entries on CIEN puts last month. Also 2 months out. Eventually I sold them for a profit.

Look at my huge mistakes in AMCC in JAN. Front month cause I was greedy. 2 months out and I had a double or better.

As long as the trend is down, I simply see no reason to fight it. That said, my positions are nowhere near as big as they were last week, as I suspect we will get a rally sometime for 300 points or better.

If we gap down tomorrow, I will likely close out those bio puts. A few more points on HGSI and I have an overnight double. PDLI was not as cooperative, but still profitable.

We talked about this before. I like PDLI, but I just aint going long.

M



To: Boplicity who wrote (10922)2/27/2001 8:47:28 PM
From: Jim Willie CB  Read Replies (3) | Respond to of 13572
 
methinks erstwhile Jim Willie said "watch for Naz2150 by midMarch" in a Dec22 post... and for economic bottom to be seen in late summer

I see no value in the Fed forcing this destructive economic cycle upon the world every several years

it only makes me start from ground zero each time painfully
since my trading only amplifies the direction we move

PrezW speaks tonight
GreenBum has more confidence in the economy's resilience than is due
he overlooks a few key key key differences this time around:

- productivity engines are being slowly ignored now
- venture capitalists have shut down new plans lately
- the IPO market was essential for sustaining economic growth
- once momentum slows, very very difficult to restore growth
- postY2K slowdown was built in, didnt need to be amplified
- Winston Churchill effect is happening with consumer confidence
*** (fearing fear itself ==> no confidence breeds less confidence) ***

now I expect the economic deterioration to hit housing and real estate next
today's data indicate such has already begun
been expecting this
first PC's, then automobiles, then housing, then congratulations to GreenShitBird

let us not forget to genuflect to GreenBaldy on the way out
and shut off the lights

enough banter from this fool
next Monday I enter the catholic convent for a new job
very excited, in the laundry department

/ JW



To: Boplicity who wrote (10922)2/27/2001 9:09:04 PM
From: mishedlo  Read Replies (1) | Respond to of 13572
 
Here is a chart you will like and a PE that I like.
No research done yet.

biz.yahoo.com

What do you think?

M



To: Boplicity who wrote (10922)2/27/2001 10:28:21 PM
From: Hobie1Kenobe  Read Replies (2) | Respond to of 13572
 
Greg - What a long strange trip it's been. Complete retracement of QQQ from it's open in 1999. What a life's lesson (still learning them everyday)
Best,
JF3

finance.yahoo.com