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.
Technology Stocks : Full Disclosure Trading -- Ignore unavailable to you. Want to Upgrade?


To: Susan Saline who wrote (8311)3/11/2004 1:45:30 PM
From: Return to Sender  Respond to of 13403
 
OT: I still have some loose cash but if I buy too much more in my trading account I will have to use margin.

Never a good idea.

That being said there is nothing yet in the trading we are seeing that would indicate a failure of my indicators to predict the bottom now being put into place.

The total put to call ratio is at 1.11 as I write this and that could mean we finally see a close over 1.0.

investorshub.com

In all likelihood the next move will be a strong rally higher.

How much higher and for what duration I would not hazard a guess. I just wish I had more cash on hand.

RtS



To: Susan Saline who wrote (8311)3/11/2004 3:44:45 PM
From: E.J. Neitz Jr  Respond to of 13403
 
OT"Am hesitant to hold much overnight"Smart. Following news hits market: From Briefing.com

15:40 ET Floor Talk : Late rollover in equities coinciding with news reports regarding this morning's bombings in Spain being (i.e., Al Qaeda reported to be claiming responsibility for train bombings; France to raise terror alert). However, the reality of the situation is that traders/investors never were interested in taking this market home with them tonight. As noted in the 10:05 comment, the trade today was to play the morning bounce, then sell or short into early resistance. Market received an unexpected midday kick from NSM's earnings report and a variety of positive intraday commentary on key names (such as technical call by Morgan Stanley to buy Intel). But after those catalysts wore off, traders/investors began booking profits. The Al Qaeda news and French terror alert reports simply expedited their move to the exits.

15:30 ET France to raise terror alert -- follow up : Reuters reports that France will raise its terror alert on Friday and tighten security on public transport to guard against any possible attack following bombings in Madrid, Prime Minister Jean-Pierre Raffarin's office said... see 14:54 update for related commentary