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Strategies & Market Trends : The Options Box -- Ignore unavailable to you. Want to Upgrade?

To: Poet who wrote (10504)	4/19/2001 3:14:37 PM
From: John Pitera	Read Replies (1) \| Respond to of 10876

Easter candy-inspired nap I love it... I am talking to a lot more people lately who are shorting things, buying puts, and selling calls, so the psychology is different than Jan, at least a little bit.

To: Poet who wrote (10504)	4/19/2001 3:15:02 PM
From: John Pitera	Respond to of 10876

Easter candy-inspired nap I love it... I am talking to a lot more people lately who are shorting things, buying puts, and selling calls, so the psychology is different than Jan, at least a little bit. bu the equity put call ratio is fairly low down around .40 the past 2 days, i believe. some prudent advice from GBS......... Gary B. Smith mid-day 4/19/01 2:11 PM ET A short word to my fellow bears: do NOT get in the way of momentum. Let's stipulate that this action is nutty and AMCC (as an example) isn't worth half of what it's trading at now. It doesn't matter. The trend is up. Ride the trend. If you want to get short, WAIT until momentum dies, we move sideways, and then spike down on hard volume. (see the late Jan action for examples!) Maybe that'll be at 2300, maybe 2500, maybe 6500 for all I know. The important point is not to guess. The market is saying up. I could care less why it's saying up, and I don't even have to believe it. I just have to be smart enough not to fight it!