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.

Technology Stocks : INTEL TRADER -- Ignore unavailable to you. Want to Upgrade?

To: Trading Machine who wrote (9273)	3/19/2001 9:13:23 AM
From: John Harton	Read Replies (1) \| Respond to of 11051

Re: Mulling it over Not offering a position here, just some thoughts.. - Did we avoid a "Black Friday" merely because of options expiration and\or the uncertainty of FOMC Tuesday?(Big Al's final threat to the dancing bears). So now "black Mon? Tue? Wed? -Or is this what the capitulation feels like at a market bottom? -If this is the markets' reaction to merely slowing rates of (obviously unsustainable) earnings growth, then what should we expect for negative earnings? Re: the margin call/ short squeeze dichotomy -If the market is poised for a sharp move in either direction, wouldn't it take a multiday rally to bring in the effects of a short squeeze acceleration? -Conversely, aren't we already under at least the beginnings of margin call pressure? Events: -If there is a LTCM or Japan collapse situation imminent, why aren't the financials\brokers looking worse? GS and MER were up 5 and 3 points respectively, last week. -Or is that a head and shoulders on the BKX? -Is the SOX the last line of defense for the techs? Wouldn't an up day today give us an approximate morning star on AMAT? Stategies: -Get out all together or -Buy protective puts on holdings to give a temporary floor or -Buy puts on PE absurdities (eg RIMM) -Whatever happened to "short against the box" -Tighten stops (What about the morning gap down?) OR -What a buying opportunity this is??GG Personally, I trimmed several holdings on Friday, Got too greedy with my MSFT calls (set my exit 1/4 pt too high), still have QQQs (gulp), now about 65% cash, 10% XAU, and 25% nervous. Good Luck -John PS Didn't mean to appear too flippant last week when so many good dudes were taking on serious water. -