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


To: hobo who wrote (10604)4/23/2001 10:15:49 PM
From: Jeff Jordan  Read Replies (2) | Respond to of 10876
 
>>>This market is beginning to feel like a mystery novel, I wonder what the next chapter will be...<<<<

markpoyser.com



To: hobo who wrote (10604)4/23/2001 10:57:50 PM
From: t2  Read Replies (1) | Respond to of 10876
 
I am playing it "relatively" safe. Intently observing with interest ALL the different theories, "waves", and whatever other attempts to guess this beast.
Meanwhile today, I sold some puts (May 60's


What are the "waves". I just starting hearing about this.

I got bearish on tech today but then looked at my own feelings as a bit of a contrarian indicator. Should term may be tough in techs.

I did make the mistake of not adding stock positions in APA and WGR to balance out my speculating on tech.
Barrett getting an extension on the Shell offer.
biz.yahoo.com

I don't know what happens if they don't find an alternative buyer and the deal is not accepted; do others like WGR gain or drop along with BRR.
Going to keep an eye on this.

Might be a bad week in tech...looking to speculate late week on calls if the market sells off depending upon the extent of the drop, if any. A rally in techs tomorrow and I might change my mind quickly.