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Strategies & Market Trends : Tech Stock Options -- Ignore unavailable to you. Want to Upgrade?

To: Patrick Slevin who wrote (38958)	4/10/1998 12:57:00 AM
From: Nemer	Read Replies (1) \| Respond to of 58727

CelticDuke: I've arrived back at my humble abode from a profitable day of wagering on the speed of horsey types of livestock to find my bride of "lo, these fleeting years" asleep in the bed. Gadzooks, but it's foine to have her home......so she can fix my breakfast and clean the house.......gggg I've taken a brief respite from the cares of the evening to read the posts on SI which were written since my departure to the money tree. It's very hard for me to quit laughing and to post these serious thoughts, for all on TSO seem to have attended a party which I've missed. All the posters have been in high spirits, are making jests and seemingly are light hearted in their thoughts. into this same atmosphere, I interject some ozone---- --->It's an interesting school of thought but obviously foolish and ego-driven. This sentence could well have been uttered by a number of my most favorite posters on S I on a plethora of different subjects. ---- my observations about most of the informative and dedicated participants from whom I learn on these various threads....... all are of large ego. most have a short fuse. sharing seems to come naturally as a method of learning more. all have this outlook in common ---- -------- " feel free to curse me, ---------------feel free to call me a fool, -------------------feel free to make light of my contributions, --but SMILE when you say it, -------or I'll knock your head off you ignorant SOB" ..........GGGGG Heck, I'm going to dump my winnings in a corner of the room and go to bed. Mayhaps, I best leave a note to Red in the bathroom (her first destination in early morning) to watch her step on the way to the kitchen (her second destination in early morning), should she awaken before I do, so she doesn't break a leg stumbling on the mound of lucre........ just to share with my cyberfriends------ here is how it's done---- Rule # 1 ( from Nemer's private collection) ----if you bet on the fastest horse, you'll win most of the time. ----if you bet on the best horse, you'll win most of the time.... BUT ------if you bet on the winner------you'll win ALL the time....... Regards---Nemer

To: Patrick Slevin who wrote (38958)	4/10/1998 8:23:00 AM
From: SE	Read Replies (2) \| Respond to of 58727

Seems to me that the market will need an external event in order to be fully Plonked. We have three days for something to happen, but I wonder if the timing is off and nothing happens this weekend. I am beginning to wonder if it will be INTC, which I believe reports earnings TUES after the market closes. This article is both positive and negative on INTC. news.com If this is the case, and Plonk's second read of this A,B,C up cycle wave 2 of wave 3 (no I don't know what I just said!) is correct, then his revised push-out of the Plonking could be true...ie, pushed out another 1/2 a day or so into mid to late WED. I don't know about anyone else, but holding index options deep into expiration week makes me shudder. So, we got Plonk's EW read. The candles don't look so good. E&M TA read doesn't look so good either. Several of the indicators don't look so good. So with all of this, and INTC which I believe to be in a downtrend and possibly on the way to, shall I say it, shudder to think below $60, could this be it? With so much pessimism, I doubt it. I have not had a lot of time lately to check on external views of the market, but on SI it seems extraordinarily bearish. This is a small fishbowl in terms of the big picture. Anyone know what the read is from the outside? We have two gurus stating this is a massive bull that cannot be bludgeoned...what is the rest of the market feeling..... Anyway, if the Plonking is to happen, this is my read of how it might take place from all that I have read from everyone so gracious to post their opinions and chart reads....... Monday, open flat to slightly higher. By lunchtime we should be in negative territory with a close that reverses TH's gains. Tuesday, will be a continuation at which point I suspect many will close out their option positions knowing that expiration is both on TH and FRI depending upon which you are in, the SPX or the OEX. Wednesday, the BK that is being predicted might occur. However, a 900 point move on the DOW? I don't see that. Can't imagine that. Well, yes I can, but really....come on. In order to get 900, I think we would need 150 or so on Monday. Another 50 to 100 on Tuesday. 500 on Wednesday and another couple of 100 on Thursday. In between would be a lot of bounces and volatility that would scare the pants off any option holder, I would think. I don't know...playing into expiration is a little much for my blood. I hope it works for all that have sharpened their harpoons and drawn blood, but I wonder. Anyone see any tasty May options that might be a better bet than the Aprils??? I would call the premium insurance. Thoughts?????? -Scott