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 (50803)	8/26/1998 4:47:00 PM
From: FJV	Read Replies (1) \| Respond to of 58727

Lisa, We need to take Druckenmiller's comments with a grain of salt. With Soros' forays on the wrong side of Russia and HK, he has had to hedge with long positions in the U.S. He is now WAY long American blue chips. The HK Monetary Authority has been eating his lunch lately, so the Nifty Fifty are a natural hedge for his short position in the Hang Seng. Thus he warned that the imminent rally he sees in the US will be limited to the liquid large caps, the only stocks with sufficient liquidity for a fund the size of Quantum. The whole piece was very self serving - designed to save his bacon in the short term given his debacles in HK and Russia. I have more faith in Don Sew's technical forecasts than anything spewed by Druckenmiller. That said, having a bearish bias, I am also concerned about the put/call ratio's overly bearish sentiment. We may see Don's downdraft tomorrow, but I'll bet we also see an SAR with the SPX holding 1060 at the close, leading to a ST pop. BWDIK. Franco