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 : The Naked Truth - Big Kahuna a Myth -- Ignore unavailable to you. Want to Upgrade?

To: Joseph G. who wrote (2313)	6/16/1998 4:19:00 PM
From: yard_man	Respond to of 86076

Occasionally, I'll ignore the small float when there has been a parabolic rise. Complete gamble, but when it works, it really works. Worked twice for me on BLDPF. Third time I gave back a portion of the gains. I risked all of $150. It's probably gone, but I've got three more days. :-)

To: Joseph G. who wrote (2313)	6/16/1998 4:47:00 PM
From: Cynic 2005	Read Replies (2) \| Respond to of 86076

Closed all my ETEC puts (Jun 40 and Sept 40.) Had a nice 10 bagger (almost) in ETEC. Helped me recover a good chunk of losses from Cisco puts. Boy, it wasn't easy! -MMV

To: Joseph G. who wrote (2313)	6/16/1998 5:48:00 PM
From: Cynic 2005	Read Replies (2) \| Respond to of 86076

Joe, based on the NH/NL, my read on the Naz strength today: Major short-covering rally in the last hour, triggered by strength in NAZ index as a whole. This is pretty much similar to the strength we have seen on the perspiration day in Oct 97. It is possible that the rally will continue for the rest of this perspiration week - though with narrow volume. Towards the end of the next week the market will crack and another mini-kahuna in the week of 29th. BWTFIK? -g- The big ones on the Naz are relatively safer to short/put now. For puts, time-frame has to be October and out and for shorts, need guts and a plan B. -g- -MMV