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.

Strategies & Market Trends : Steve's Channelling Thread -- Ignore unavailable to you. Want to Upgrade?

To: JRI who wrote (15840)	5/16/2001 12:00:04 AM
From: mishedlo	Respond to of 30051

Max pain on IBM is 105 last I checked and 60 on MSFT. No way in hell MSFT hits 60 IMTO. Just for grins however I did pick up 10 strike 65 MSFT puts for 35 cents the other day. LOL QCOM max pain is 60 (note the rise today), CIEN max pain 55 (note the downgrade when it was at 60), PDLI (note the upgrade and 5 point rise today to close right at max pain). NVDA max pain is 80. Note the 15 point 3 day drop to 76 then the rise today to just above 80 after hitting 85. People laugh at me for this, but I am a big believer. It does not always work. If the flost is small it is useless usually, if there is overriding news it is useless as well. AMAT max pain is 47 1/2 and I bet it finishes there on the nose. Max pain on QQQ is 45 but there is little difference between 44 and 46. Max pain on JNPR is 55. Pathetic or crooked or both? Note: It is likely that they are fully hedged (on todays and yesterdays rise). IF so, it could be a one way trip (DOWN) from here. That is my guess. M