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.

Politics : Idea Of The Day -- Ignore unavailable to you. Want to Upgrade?

To: Bart who wrote (12847)	10/27/1997 12:24:00 PM
From: IQBAL LATIF	Respond to of 50167

See bart this is a fear selloff and if you think fear corrects the market to such a steep extent you need to be aware of the fact that you cannot be told to go short in such a negative day- I know for sure that this is false and bonds strenght and $ weakness wil elad you to a major crisis below 890- 910. I do think that rather I see a silver lining why SPZ is not testing 910 last time Dow was at 7600 SPX tested 893- I can easily say short the marekt _ Iwll rather loose but break my discipline- I don't want ppeople to worry too much and this will pass- ofcourse tomorrow ECI will give this market a direction -if the numbere is high we can see atest of 900 on SPZ but I just don't se beyond that- it is difficult to short some of these stocks at these levels- lot of coverage- last Aug dips in SPX use to be 100 ticks on a volatile day today I see a lot more interst .25-.5- the option premiums on calls is still intact- 990 Dec has stayed btw 10-10,5- I know one thing that premiums dry up- I cannot really have a better visiblity than this but I stay put. By the way I have to go out but please don't ever think that I am not prepared to stay when required sometime other appointments do come in my way.