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 : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?

To: GROUND ZERO™ who wrote (77528)	11/14/2007 6:38:58 PM
From: Real Man	Read Replies (1) \| Respond to of 94695

I might buy some puts too on ultrashort funds as a bullish bet. Thinking it might be too late, we might have a rally by morning -g- Message 24055873 This expiration is still dangerous, espectially if the chips reverse and run the other way, which would then produce a sharp spike down and a bottom (hopefully -ggg-) Then this coming Monday will be the dipping day. We are close, but the setup of prior week either favored a monstrous rally or the last spike and collapse, I'd give 50/50 chance to both. Normally the chance of a collapse is probably 10-20%, this week it's higher than normal. No money for nothing, chicks for free in this market -ggg-

To: GROUND ZERO™ who wrote (77528)	11/14/2007 7:06:00 PM
From: Real Man	Read Replies (2) \| Respond to of 94695

By collapse I mean something like the last few days before a reversal in August, so nothing drastic. We'll have to see which path the market takes, but front month November calls are a risky bet. The market will very likely come back to where we are now next week anyhow, so December calls should be OK, barring the BK event, the probability of which is low. If we do BK, I'll lose all the call premium. Oh, well. The same as "stops" -g- I'll dip more on Monday if we do get that big spike down. That setup would be much more probable if it occurs -g-