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Non-Tech : Raptor's Den -- Ignore unavailable to you. Want to Upgrade?

To: Stockdoctor who wrote (1572)	7/5/2002 10:39:38 AM
From: velociraptor_	Respond to of 10157

Covered most....only holding one set of Calls but I had so much cushion on them that I am not really losing anything...just lost the gain I made in the last few days and some are still positive. This ramp is perfect for re-entering.

To: Stockdoctor who wrote (1572)	7/10/2002 12:05:30 AM
From: mishedlo	Respond to of 10157

Everything but gold is in the dumper, the dollar is really sick, and money is exiting the market. That post to me on my board on the FOOL about summs it up. Look at some key stocks FNM FDC C GE MSFT IBM finance.yahoo.com When the generals are falling left and right something is up. It's do or die time for a rally. If a rally comes will it matter? Can it go anywhere? I really doubt funds are selling C FNM and FDC cause they want to. I think they are selling these cause they HAVE TO. GE and IBM are tainted so that might be another story, but the generals all look sick. If foreign money has left in mass we have a problem. We have a far bigger problem if it has just started to leave. Is the market starting to get a sniff of the putrified smell of the double dip that 9 1/2 economists out of 10 think can not happen. If not what happens when they do get that sniff? Is pessimism so horrible that it can not get worse? Is pessimism so bad that we will rally? Let's take a look at pessimism. QQQ calls outnumber puts (with very significatint volumes of open interest) at 26 27 28 29 30 31 32 33 34 35 36. Calls from 29 on up are going to money heaven. Is this pessimism or optimism? At 26-28 about 300K calls exist for about 130K of put contracts. Is this pessimism or optimism? Today was interesting. I waited all dam day for that stupid nasgap to close so I could buy it (I did with futures). It was not worth the wait. Had to bail almost immediately when the rally failed. Took a little profit before it went up in smoke. Hell we could not fill that gap all day. Every time we came close, buyers rushed in to hop on board the train. Finally the gap filled but all the "early birds" exhausted themselves and there was no one left to buy. Is this optimism or pessimism? In spite of what we hear about capitulation, buying opportunity, "the new Bull Market", SEPT was THE bottom, and blah blah blah from CNBC and the analysts, I wonder if there is far too much optimism to support any kind of decent rally. Even if there was huge pessimism can we rally if money is starting to exit funds at an increasing rate? I guess we will see. Still I do not like to be hugely short in front of expiry, but any rally here seem likely to be weak (and perhaps nonexistant). M