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: donald sew who wrote (51245)	8/31/1998 3:30:00 PM
From: PnclNk	Respond to of 58727

Don, Like everyone else, I appreciate your thoughtful (and generally correct) remarks. Just so you can feel better, I not only sold my puts but also bought calls to catch the bounce! OOOPS! This is the fourth serious down day. Human nature being what it is, I doubt that this will continue. Gotta be a bounce soon. Historic DJI shows that big downward moves are only 3-4 days long before a bounce. Best of Luck to All, Pencil

To: donald sew who wrote (51245)	8/31/1998 3:34:00 PM
From: edward miller	Read Replies (1) \| Respond to of 58727

Donald, I'm beginning to wonder if the S/MMs are onto people looking for a rally to short into, and won't let it happen. Not a pretty thought, since this major wave from July is just the first. I would not be shocked if we hit the 10% trade collar this week in a panic washout. If so the next step would be a rally that brings people back from that pale free-fall look (you know the way up look when you first get a severe flu bug and no food can be in the same room without causing gastronomical violence). If it goes that way, then we aren't there yet. I am not predicting a price for a bottom. What I am telling you is my gut feeling is that this first wave down won't die until panic reaches levels MUCH worse than in 1987. Ed Miller