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 (14335)	2/19/1998 9:31:00 PM
From: Cynic 2005	Read Replies (1) \| Respond to of 18056

Zeev, you got me. Fearless leader? I like it! -g- As irrational as this market is - I am trying to hedge my short positions against insanity, so I am betting insanely. -g- After all, before I learned to dig through company financials and comb through the statements by executives, I was a momentum trader. I still do that on and off. I told a friend to buy short-term calls on AMAT when it was at 80 (pre-split) saying that they will beat the estimates handily (I called the company and talked to someone over there.) He did and I was stuck with the puts I bought earlier when the stock was at 70. I didn't buy the calls since I was expecting the shake-out we saw. He was puzzled by my action. I told him the fundamental reasons for my being short on AMAT. It turned out, he was a winner and, eventually, I was too. But I should have played it both ways - especially since Terry Davis was so upbeat about it. Perhaps I have to learn to mix the best of my skills (?) to maximize my profits. Regardless of what I thought of AOL's worth, it almost doubled in price since I started buying puts on it. If only I played it on both sides, I would have been a winner. Only recently I made a quick trade on AOL (calls) and made good money on it. Given the fact that internet stocks are so hot lately, I thought ATHM is going to catch-up with the rest of the group. Besides, there are rumors that AT&T or Time Warner may invest in the company. Some say AOL is interested in making a bid. Even during the worst of the sell-off the stock hardly dipped below 20. So, there is strong support for this stock. Let us see if my break-out theory works. I know, none of these make a good fundamental case for the stock. If I can sell the stocks at higher prices than what I bought, who cares? -g- One thing is for sure. As the saying goes - "those who live by the sword shall perish by it," and I am aware of it. While the exuberance lasts, I shall continue to nibble here and there. -g- -Mohan