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.

Pastimes : Clown-Free Zone... sorry, no clowns allowed -- Ignore unavailable to you. Want to Upgrade?

To: ild who wrote (113221)	7/18/2001 1:22:21 PM
From: GraceZ	Respond to of 436258

, 07/21 panic low Whew! Glad Heinz scheduled that panic low on a Saturday, since I'll have Sunday to collect my thoughts and by the time the market opens on Monday I'll be fine.

To: ild who wrote (113221)	7/18/2001 1:27:10 PM
From: pater tenebrarum	Read Replies (2) \| Respond to of 436258

yes, i think the low will come in tomorrow, not on Friday. if IBM lays an egg, it has a history of creating short term lows with bad earnings reports. the only other adjustment to my expectations is that it's obviously not a panic, but just part of a corrective looking decline. so i'm very likely to dump my puts tomorrow and await an entry point for September dated puts thereafter. right here and now the market is proving too resilient to get too excited about further downside potential imo, and the end-of-month autopilot money period draws closer. it remains to be seen if the recent low in the SPX (1170) can be successfully tested on lower volume...that's a very important level since it's the starting point for the mid April rate cut rally, which was a heavy volume rally - so whether those positions become under water positions or not is probably decisive for the medium term outlook.