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.

Politics : Formerly About Applied Materials -- Ignore unavailable to you. Want to Upgrade?

To: Ian@SI who wrote (45568)	4/18/2001 10:05:02 PM
From: Gottfried	Read Replies (1) \| Respond to of 70976

Ian, I bet there are as many opinions as there are gurus on whether the rally has legs. If you trusted PnF Ta, you would say today's action put the NYSEbp in 'bear correction' status. stockcharts.com It would become 'bull confirmed' when the bp [percent of NYSE stocks with buy signals] reaches 50. Alas, you're not a believer. Gottfried

To: Ian@SI who wrote (45568)	4/19/2001 3:26:41 AM
From: Pink Minion	Read Replies (1) \| Respond to of 70976

Ray Bloch disagrees with you. On CNBC's business center tonight, he believes that this rally has got legs - for 3 months or more. Why do you all trumpet what these idiot analyst say when you agree with them, but if you disagree with them you're yelling ANALyst?

To: Ian@SI who wrote (45568)	4/19/2001 10:26:13 AM
From: Bruce Brown	Read Replies (1) \| Respond to of 70976

Ian wrote: Ray Bloch disagrees with you. For what it's worth - his name is Ralph Bloch from Raymond James. BB

To: Ian@SI who wrote (45568)	4/19/2001 3:03:52 PM
From: Jacob Snyder	Respond to of 70976

ST trading: all my puts are 2002s, so I can wait 3 months. The reason for the long exp. time, is that I don't think there is any good way to tell when we get a bear rally, or how high it goes, or how long it lasts. Doesn't stop me from guessing, but I acknowledge the Limits Of Possible Certainty. Bear rallies tend to start very abruptly, for no good reason, and go very sharply higher, before failing. A 50% retrace of losses could happen, and then going on to new lows (I don't think that much retrace will happen now, but it has happened in other bear markets).