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Strategies & Market Trends : Galapagos Islands -- Ignore unavailable to you. Want to Upgrade?

To: Augustus Gloop who wrote (9727)	10/26/2002 9:05:27 PM
From: mishedlo	Read Replies (2) \| Respond to of 57110

sort of a stupid example but it helps explain my basic logic. Not a stupid example at all, but what is your timeframe. If LU and NT reverse 20-1 right now I probably will buy puts on them. CSCO needs to fall to 5 reverse split to 20 and do that again before we have any semblance of a bargain there. Oddly enough if you look at the Mish Grinch List, you will find only 1 tech stock: IBM. Personally I feel the S&P and Naz are about equally overvalued here and puts on the former are cheaper for the most part. Let's see if they fall lock step in unison. There is no reason for ANY bank stock to be near 52 week highs here. BAC - give me a break. C made earnings estimates ONLY by selling off a huge pice of real estate and booking that as "earnings" rather than a 1 time benefit. I really am tired of this BS but I doubt it will change. You probably have not seen my max pain analysis but personally I think Max Pain combined with delta hedging eggagerations of extremes in sentiment is the ONLY thing driving the Naz right now. M