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Strategies & Market Trends : Sharck Soup -- Ignore unavailable to you. Want to Upgrade?

To: velociraptor_ who wrote (15508)	4/9/2001 3:35:15 PM
From: Softechie	Respond to of 37746

MOT Buying in $11.50's.

To: velociraptor_ who wrote (15508)	4/9/2001 3:44:59 PM
From: Mike M	Read Replies (1) \| Respond to of 37746

In the longer term options expire and we are all dead. The biggest positive for the day is that recent intraday support levels have held and and there was no follow through lower to Friday's retracement of Thursday's gains. Volume is difficult to interpret in a holiday shortened week but today's volume on the upside has outpaced down volume. April puts may be hard pressed to return anything as we approach expiration. In the mean time look for a few head fakes.

To: velociraptor_ who wrote (15508)	4/9/2001 3:55:22 PM
From: JRI	Read Replies (2) \| Respond to of 37746

Any other thoughts? I find today confusing...slightly bullish...but still, new 52 week lows in Intc, and Sunw....Jnpr, and BEAS end of day weakness...chips made a nice recovery but still down...

To: velociraptor_ who wrote (15508)	4/9/2001 5:39:40 PM
From: Rambi	Read Replies (1) \| Respond to of 37746

. Longer term is still down I guess it would be wishful thinking to ask if "longer term" could mean pre-April expiry? I;m sitting on (and very resentfully since I should have sold them today and hesitated- smack me) some SPX 100s. I got very confused today by the big push up at the close, and the violated 1135. Does this negate what you posted? There is also a LOT of happy talk and it has made me nervous, especially since I assume decay will be fast now on Apr. options. I would be so interested in hearing you talk a bit about like this and when one should just take what there is to take and get out. I know there are other newbies who lurk and read you here who are feeling a little nervous. Last month the trend was so decidedly down, it was easier to trust it. As always, I am grateful to you, penni