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.

Pastimes : Ask Mohan about the Market -- Ignore unavailable to you. Want to Upgrade?

To: Zeev Hed who wrote (7701)	11/12/1997 3:49:00 PM
From: Bearded One	Read Replies (1) \| Respond to of 18056

Looks Like they're going to have to trot out Abbey Cohen to tell everyone to buy the dips again. I've been following another stock, Iomega, one of the high fliers when it was on the NASDAQ. It came out with several pieces of good news today, and is going to close down (though someone may knock it up a little at the very close). This doesn't look good.

To: Zeev Hed who wrote (7701)	11/12/1997 3:51:00 PM
From: Tommaso	Respond to of 18056

By 8 a.m. I thought we were going even lower today, but here's my first guess. Not hard with S&P way down and foreign markets down but mixed. I have no clue right now as to what to look for tomorrow. exchange2000.com

To: Zeev Hed who wrote (7701)	11/12/1997 3:59:00 PM
From: Haim R. Branisteanu	Read Replies (2) \| Respond to of 18056

Zeev, the cycles are much more compressed for wathever reason, I think technology plays a big part to it. I am selectively closing some of my short position. We may get a very strong reflex rally as the profesionals sold tons of puts and they will need to make some money as they will just cover their position. Next week we have option expiration and usually that's a blood bath for option players. Premiums are VERY HIGH. I am tempeted to sell out of the money puts on the remaining short position. I am waiting fro the reflex rally to establish new shorts before end of month. Happy trading Haim