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: The Freep who wrote (38449)5/8/2002 3:07:10 PM
From: bcrafty  Respond to of 209892
 
Freep - sez me, that's who <bg>

Just kidding, but I meant "weighing heavily" recently, until today anyway. If investors were going to blow off those issues I think GE's recent high around 33ish would have held and, it would not have reached 30ish again as it did yesterday. Keep in mind that I am a LT GE holder, and so I'm always watching it like a hawk to figure out why it's making every little wiggle that it does, while I'm meanwhile biting my nails and considering Dec 30 puts after GE had about a 25% decline in April.

BTW, glad I covered QLGC Friday (albeit two days early) because today's Diggler has definitely gotten the shorts attention. I thought yesterday's action was odd (some fund dumping to be safe rather than sorry?) but I saw no reason to think that earnings might disappoint. Sorry I didn't go long yesterday, of course.