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 : Veeco Instruments-Who? -- Ignore unavailable to you. Want to Upgrade?

To: Zeev Hed who wrote (1470)	8/31/1998 8:36:00 PM
From: Carl R.	Read Replies (1) \| Respond to of 3069

How long will it take the Fed to intervene by pumping in reserves? I am thinking they will let the dow fall to 6600 or 7000 first. I have serious doubts about your 500 point rally, however. I think the general public is spooked right now, and the professionals have seen the TICK at -1400 too many times without a rally. Right now the Tick reminds me of an old Volkswagon Van I used to own - in the winter many times when I stepped on the gas pedal (a clip would fall off and)it would just lay on the floor and do nothing. <VBG> Actually I think a down 1000 point day isn't impossible, but another -100-150 day is more likely. I do agree that a rally is inevitable, and that it can't just go straight down, so I will probably close out my S&P puts soon, or at least trade them down. You always project a change of direction for Wednesday noon, so I presume that I should close my puts on Wednesday AM? Carl