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Strategies & Market Trends : Stock Attack II - A Complete Analysis -- Ignore unavailable to you. Want to Upgrade?


To: Lee Lichterman III who wrote (20400)9/29/2001 12:30:05 PM
From: waverider  Read Replies (1) | Respond to of 52237
 
Lee, I totally agree regarding the QCOM type issues and QCOM in particular. Once that one falls, I would think rationality will have returned.

Do you or does anyone have some similar correlations about what has happened in past bears in terms of when the final love stocks got whacked? With Cisco, SUNW, Intel and many others at the woodshed we may not have long to wait.

<H>



To: Lee Lichterman III who wrote (20400)9/30/2001 1:02:32 AM
From: mishedlo  Read Replies (1) | Respond to of 52237
 
The COT report shows they are lowering exposure but at the same time getting less short. Either we are about to do another 4 April squirt up or they are just trying to get flat since their hands may now be open to the public or it is just uncertainty and they are pulling back to reassess. Heck if I know for sure which of the three.

Lee - I believe there is a simple reason. VIX is incredibly high. They intend to unwind their positions, with the help of the PPT, more or less pin stocks to these levels right now and keep things in a tight stability range. Why would anyone want options in that scenario. The PPT will support the indexes and they will ramp up on light volume enough to cover any fund outflows. Time premium on all existing options will dry up and the crooks selling equity options win big.

That is my scenario. I suppose they can keep this stategy up for a few weeks. They kept it going for most of May June and July. Propping up IBM MSFT MU QCOM INTC CSCO and all the other big index component crap and favorites like semi-equips and MU for a mammoth distribution process.

M