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Strategies & Market Trends : The Covered Calls for Dummies Thread -- Ignore unavailable to you. Want to Upgrade?

To: BDR who wrote (2308)	9/1/2001 11:28:11 AM
From: Jimbo	Respond to of 5205

re McMillan's statement: As long as the public refuses to pull the trigger and disgorge its positions, there will be no bottom. This may take some time then - I just don't see investors throwing in the towel as long as you have the CNBCs of the world parading these analysts on painting a picture that recovery is just around the corner.

To: BDR who wrote (2308)	9/1/2001 12:08:13 PM
From: FaultLine	Read Replies (1) \| Respond to of 5205

re McMillan's statement: As long as the public refuses to pull the trigger and disgorge its positions, there will be no bottom. Why is this action a necessary precursor to recovery? Is some onerous problem then fixed? What recovery mechanism is now magically activated by such a capitulation? Is this some sort of game of chicken between The Smart Money and J6P (you and me). Or, is this just a matter of a widespread myth being accepted as "fact"? --dfl@idon'tgetit.com