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Strategies & Market Trends : Ask DrBob -- Ignore unavailable to you. Want to Upgrade?


To: shoreco who wrote (59167)5/9/2002 2:30:54 AM
From: heehee1  Respond to of 100058
 
Shoreco... <600%>

YOWSA!!! Nice gain.. Congratulations on an awesome trade. :0)



To: shoreco who wrote (59167)5/9/2002 8:59:21 AM
From: stan_hughes  Read Replies (2) | Respond to of 100058
 
shoreco - I'll grant you your due on the Q's, that was a good call and you scored big.

I guess you could say we all knew something was coming sooner or later. I too said if anything was going to be defended, it was going to be SPX 1050, but I cannot claim to have foreseen the manner in which it is happening right now.

I actually pondered taking a few long positions in some fallen angels as rally insurance, but I was looking for a bigger washout first - a CSCO flop Tuesday likely would have achieved that, with plenty of time to rally back to the trend line intact by May 31 and keep the game going.

Instead, we got a short term reversal in a different size and color package. FWIW I remain unconvinced that the real bottom is in.

Still, those trades look good on you, bro - next time I'll pay more attention to you, too