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 : Tech Stock Options -- Ignore unavailable to you. Want to Upgrade?

To: ViperChick Secret Agent 006.9 who wrote (47174)	7/1/1998 12:42:00 PM
From: Gersh Avery	Read Replies (1) \| Respond to of 58727

Hi Lisa .. re questions. What I've been trying to do is set the canvas that the TA picture is being painted on. In an overall bull market buy signals work very well. In a bear market sell signals would work very well. <<On Tuesday, fed funds traded between 5-1/2 and 30 percent, with an effective rate of 7.06 percent. >> Some bank at some point had such a need for cash that they were willing to pay 30% interest on it! I would suggest the cash was required to cover yen shorts ASAP. Or a large batch of "short the dollar." There seems to be several overnight repurchase deals going on at this time. There was the nine day one and then there was several more on top of that. <<''I'm going to go with an overnight system RP,'' said Michael Moran, chief economist at Daiwa Securities America Inc. ''With the fed funds rate this high, they're going to want to address it on a daily basis.'' what does it mean when this dude says HE is going with......>> That was Michael Morans guess about what the fed would do today. Gersh

To: ViperChick Secret Agent 006.9 who wrote (47174)	7/1/1998 1:12:00 PM
From: Gersh Avery	Respond to of 58727

Yen jumping again <eom> Gersh