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.

Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?

To: Robert Graham who wrote (18708)	5/19/1998 12:19:00 PM
From: donald sew	Respond to of 94695

Bob, Thanks for your nice comments. Take a quick look at the NEW HIGHS and NEW LOWS, and also take a look at the VIX. The NEW HIGHS are still very weak and the VIX index is getting close to sell-off area. Wouldnt it be a shocker to the bulls that after the GREENSPAN announcement at 2:15 the market does not rocket upwards, and an even bigger shocker if it just remained flat, and worse if it went down. I was planning to get some calls to play intraday today, since I was also expecting a nice pop later today. After seeing the NEW HI/LO,VIX I am not as comfortable now playing intraday calls, so Im going to sit out and relax. If it does run up, well then I missed it, but still feel happy with my PUT position I closed yesterday for a strong positive result. Seeya.

To: Robert Graham who wrote (18708)	5/19/1998 12:28:00 PM
From: HH	Read Replies (1) \| Respond to of 94695

Bob, good post. It is hard not to have/express/feel emotion when you flip money around and the prospect of making/losing significant sums is real. Controlling those emotions is the real task. I would like to add to what you posted regarding individuals becoming enamoured with their stock picking abilities. I would add that during this ferocious bull market, a lot of stockpickers were born. It hasnt been too hard to make money (as long as you were long) in this market. Throwing darts would produce a confident stockpicker. It is always useful to be modest. HH