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: Tom Trader who wrote (13724)	11/7/1997 9:20:00 PM
From: Michael Rich	Read Replies (2) \| Respond to of 50167

Hello Tom, I noticed that the posts on BK-thread outnumbered the posts on the option thread. Are you still testing your indicator? :) I watched CNBC today from 5 am and the market action in the first and last hour ... trying to get a feel of the market pulse. I liked the action given all the news/noises. Yes, I am back. Talk to you over the weekend. PS: did you take the gift from IMNX today?

To: Tom Trader who wrote (13724)	11/7/1997 10:57:00 PM
From: Cynic 2005	Respond to of 50167

Tom, I am least worried about my reputation being tarnished. Rather, I am more worried about my accounts getting diminished. -g- Seriously, when I say "I may be wrong" it is not just a lip-service. I mean it. I am trying to keep an open-mind about a "possible" surprise rally next week. If today's resilience is any indication, I don't rule out the possibility completely. Next week or the next we should have HWP and AMAT reporting. That sould set the tone for tech stocks in particular. I am keeping my fingers crossed with a 90/10 bearish bias. Regards. -Mohan

To: Tom Trader who wrote (13724)	11/8/1997 5:40:00 AM
From: IQBAL LATIF	Read Replies (2) \| Respond to of 50167

TT- Somebody is paying for cumulatively for nearly thousands of put options contracts just sold and covered during last three weeks on the short side- this is what I call bleeding and yesterday was the worst day- someone needs to pay for these voltalities someone paid twice once in the morning and once later in the afternoon for the puts I sold and covered- I think when I write about 'bleeding' I write what I see in the markets- I hope you now understand what I mean by what I say shorts are being bled to death- e.g. yesterday on opening we rebounded from 917 in futures pit- there were lot of orders which were executed as people shorted below 920 they took the market back upto highs of 934 stopping out most of the shorts above 932 was a point where lot of longs were triggered but they brought it back down to stop out longs below 928 and to trigger further shorts at 916.5 within 30 seconds the rout was complete and closed the market at 930- every thing else in the session in btw is forgetten as noise- the tombstone is open and close in between who suffered the most - the traders who wanted to short the market below 920- not once twice- for me my 20 contracts in morning and 20 in the eveing tells me the whole story someone paid for yesterday's follies- it was not the longs the people who paid me twice or to Nemer were shorts and in my opinion they were bled to death by the markets. Thanks for your comprehension.