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: AllansAlias who wrote (39147)5/14/2002 3:14:35 PM
From: The Freep  Read Replies (3) | Respond to of 209892
 
Allan. . . since you said earlier that you thought this was the end of the C, I'm curious why you're only doing 1/4 of the short (particularly since I thought you were buying in thirds!). Obviously the market is strong and could be stronger, so I know why you aren't going whole hog. <g> Are you thinking there may yet be a v of C gap up tomorrow? Or a more bullish count has reared up?

thx,

the freep



To: AllansAlias who wrote (39147)5/15/2002 10:44:19 AM
From: AllansAlias  Read Replies (1) | Respond to of 209892
 
Step #3 of strategy:

I have just added the second 1/4 short, this time directly in tech. The previous was basis S&P. That brings me to 50% of my targeted short position. This may get larger on the way down, but it I am treading lightly on the way up.

Current allocation:
60% cash, 30% short, 10% long clown calls.

(Step #2 is post I am replying to.)