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.

Technology Stocks : INFOSEEK (GO) -- Ignore unavailable to you. Want to Upgrade?

To: cm who wrote (6551)	6/15/1998 11:14:00 PM
From: Tom Klempay	Read Replies (1) \| Respond to of 9343

From todays TheStreet.com: "OK, Johnny, give it to us straight. What stock was running up this morning with the Dow down 150?" "Mmmfophphseek." For those of that remember the TV ads from last fall, this made me chuckle a bit. The rest of TheStreet.com article pretty much covered what all of you have already heard/seen about the incredible spike-up in SEEK options activity. They mentioned that hundreds of contracts were being bought either at-the-money or at the 40 strike. Traders sent SEEK's out-of-the money calls into four-digit volume and exponential price jumps. One final note. Cm, I hate to disagree with you, but I don't wish the shorters the best of luck since their good luck/fortune may come at my expense. Let them have luck shorting stocks that I don't own <g>. Great day fellow SEEKers. And for all of the reasons that cm stated, I'm glad I'm holding SEEK overnight. You never know what might hit before the opening bell. -tk

To: cm who wrote (6551)	6/16/1998 8:55:00 PM
From: cm	Read Replies (1) \| Respond to of 9343

<<OT: Why Is It...? >> Recently, I've been reading some posts on another site's thread from a VERY INTELLIGENT poster whose perspective happens to be TA. Thus far, this poster's SEEK calls have been pretty accurate. In a recent post, he or she, though, made a pretty serious misstep... not from a TA standpoint... mind you. They implied that those that focus ON STUDYING THE COMPANY are determined to lose money. This reminds me of a certain school of TRADER thinking and sometimes SHORTER thinking that says that LONGS are emotionally attached to their stocks... and base their decisions on (implied) yuck!... sentiment. Implicit in these somewhat sneering remarks is a sort of world-weary sophistication, "I'm a professional... and buy-and-hold isn't what a professional does..." This COULD BE NO MORE WRONG. There have been several studies over the years that have shown that buy-and-hold is not only a viable investment strategy... it's a SUPERIOR ONE. Plus, it's a lot less hyper-vigilant. Now, I mention these studies not to debate their merits... but to simply make it plain that buy-and-hold doesn't necessarily have anything to do with loving a stock. And one can argue that buy-and-hold, PREMISED ON CAREFUL RESEARCH, is THE LEAST SENTIMENTAL APPROACH OF ALL. It washes out all the peaks of GREED... and wanting to push for just a little 1/16 more. And takes one out of the "THRILL OF THE KILL" mode that I've seen first hand among SOES traders as well just plain old-fashioned day trippers. There is a SENTIMENT attached to the ACTION... the micro moves... it can feel... I've been told... like a form of addiction. That said, I respect ANY INVESTMENT APPROACH. But, just don't characterize mine or others as something riddled with SENTIMENT... just because it isn't your way to play. Sorry for the diversion... but I've been wanting to say this for quite some time... Best Regards, SEEKers, c m