SI
SI
discoversearch

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.
Politics : High Tolerance Plasticity -- Ignore unavailable to you. Want to Upgrade?


To: cnyndwllr who wrote (7405)9/5/2001 1:13:24 PM
From: Think4Yourself  Read Replies (1) | Respond to of 23153
 
Had a bunch of low ball GTC orders to buy LEAPs out there. They ALL executed today. Odd that folks would give away options so far in the future based on one or two days of trading activity. I realize options are in the cash account but perhaps the selling is related to raising cash to satisfy margin calls?



To: cnyndwllr who wrote (7405)9/5/2001 1:45:40 PM
From: MetalTrader  Read Replies (2) | Respond to of 23153
 
sheesh,

today looks SO bad I feel sick even being in cash. Unlike some I don't enjoy watching people getting desperately buried.

I hear people saying there is no complacency without understanding the concept. Because they feel terrible they think the market is not "complacent". Wanting to throw up does NOT mean you aren't economically complacent. The logic of complacency meaning "owning stock" has eluded many investors. If you own it, you are complacent.

Economics being the rational science means that only someone bullish would own stock. It's a little circular logic, but judging by the market direction I would say there are still more sellers than buyers <g>. More owners than wannabe owners. In other words more bulls than bears. The sentiment indicators reflects it and the market confirms it. I have a feeling the sentiment indicator may take a big tumble this week (I hope) When the remaining owners of Intel, Cisco, etc don't really CARE about every utterance of CNBC there won't be the overhead supply of stock just waiting for some reason or necessity to sell. All the selling is done in anticipation of lower prices yet to come, rational behaviour means they won't be potential sellers anymore..they become potential buyers. And THAT's what I want, buyers. Folks with money and no stock

Give me 100% bearish sentiment and we'll buy the world.

Anecdotally I see evidence of more bears, but I want to see the data.

mt



To: cnyndwllr who wrote (7405)9/5/2001 8:28:45 PM
From: chowder  Read Replies (1) | Respond to of 23153
 
Cinderella Ed! The bells are working for me. I thought I would share something with the group that has been working well in my portfolio. It's been mentioned before by Quehobo and me.

RYURX:

finance.yahoo.com

It's a short fund.

I was tempted to close it out yesterday but I stuck with it. Funny, I'm only up 26% on it and there was a time where 26% was considered peanuts. I suppose when you compare it with the indices, the return is actually gigantic.

If the market tumbles like I expect it to do later this fall and the fund eases up to the 50% profit mark, I'll be switching to cow bells. Care to join me?

dabum