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.
Strategies & Market Trends : Classic TA Workplace -- Ignore unavailable to you. Want to Upgrade?


To: ajtj99 who wrote (38288)5/8/2002 12:04:05 AM
From: Shack  Read Replies (1) | Respond to of 209892
 
I agree that CSCO doesn't get past $15 for the reason you give. I also agree that we would not hold the max pain levels through expiration, just get there to let the mm's hedge.

In the end I don't think we can tell anything until we see how the sentiment indicators look as (if) we rally. I am not as convinced as others that there are that many shorts so the squeeze factor may not drive this move. I noticed Rydex funds show a lot of pessimism though, but as we have seen, they will just get worse and worse until the bull funds have puked up all their assets.

Hell ajtj, we could open up tomorrow lock-limit DOWN and I would not be surprised.

Going to bed now, I think the Habs have emotionally exhausted me. Sorry 'bout the Wings, they got smoked like a piece of lox tonight.