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 : Systems, Strategies and Resources for Trading Futures -- Ignore unavailable to you. Want to Upgrade?

To: SE who wrote (2913)	9/1/1998 8:30:00 AM
From: Patrick Slevin	Read Replies (2) \| Respond to of 44573

I edited the message. Covered at 71 even for 420 points. <who buys when the market is in a free fall like yesterday?> Your guess is as good as mine. Larger buys are probably there to prop it up or do arb positions. Floor traders, Independents, are just there for scalping back and forth, some short covering (like when Tom hits 45 points or when you or I incorrectly decide to protect profits and wait for a bounce), people who like to catch knives. Generally though, the pressure of the selling is too great to mess with....either long or short. If you are on enjoy the ride, if not then just watch. Looks as if I got out near the low of this move....so far anyway. I still think I pulled the trigger too soon, though. It started trading as hot as a firecracker just before I put it in and has not stopped. Are you watching this?