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: William H Huebl who wrote (20116)	6/11/1998 10:55:00 PM
From: jef saunders	Read Replies (1) \| Respond to of 94695

david, where are we at ? i was out all last week and i'm on a slow computer now, i scanned all today's appends...sounds like whether 8750 holds or not is the next question. i did very well buying disney oct 110 calls last week for 11.75 and selling for 13.75 today. thanks, jef

To: William H Huebl who wrote (20116)	6/11/1998 10:55:00 PM
From: Nancy	Read Replies (1) \| Respond to of 94695

Bill, not covered in Justin's book. VIX - there was an article in Barron early this year about the abnormal reading on VIX and possible reasons behind it - mainly state that somehow in 1998 VIX is misleading due to unusual prem in both calls & puts. I dont follow VIX so do not keep records of it. Not believe we will ever reach your 4000 target. A pullback to 82-8300 or even severe pullback to 7800 might be possible. the implication of correction more than 15% is too big for this country to bear and there will be subtle intervention to prevent it. dont forget the budget surplus relies on tax revenues and in the past few years individuals have pay more and more taxes than corporations due to capital gains, not to mention that they are talking privatization social security, etc. based on relative value model (comparing bond yield and S&P earnings estimates) SPX at 900 will be fair value based on current bond yield. This market has not been at fair value since 1995.