Silicon Investor (SI) -- The First Internet Community

STOCKTALK

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: Henry J Costanzo who wrote (105212)	8/25/2004 1:02:22 PM
From: Shack	Read Replies (2) \| Respond to of 209892

Only because I am in and out all day. But thanks for keeping it going today-g. Nothing has changed really. Watch the SMH, is it just correcting the impulse off the highs or was the impulse a 'c' wave and we are pointing up? All I've done today was take off my JPM puts on that move above $38.70. Took a nickel hit which is still a fair bit. Equity P/C now below 0.5, lots of optimism it would appear. That low number is coming from the Sept QQQ calls trading at 33, 34 and 35 strikes.

To: Henry J Costanzo who wrote (105212)	8/25/2004 1:38:59 PM
From: ajtj99	Read Replies (2) \| Respond to of 209892

I was in a meeting this AM with a major retailer. Retailers are kind of getting antsy because their last two months sucked. Most are meeting their plans for the year, but they're concerned going forward. When you tell them the YOY comparisons are not fair due to the record mortgage re-fi's in 2Q and 3Q 2003 and the tax rebates, they note they factored in the tax rebate. However, when you tell them the average re-fi included a cash-out of about 10-grand, they look at you like you've just solved some quantum physics dillema. They all think it's about gas prices. Well, I believe it's more about incomes, debt, re-fi's, and tax rebates. Last year everyone knew about 20 people who re-financed their houses if they still lived in them. This year I can't think of a single individual I know who's re-financed. That's huge.