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Strategies & Market Trends : Stock Attack -- A Complete Analysis -- Ignore unavailable to you. Want to Upgrade?


To: dennis michael patterson who wrote (15287)9/1/1998 1:38:00 PM
From: The Perfect Hedge  Read Replies (1) | Respond to of 42787
 
Dennis-
Remember how we've been selling off in the last hour?Get ready I think it's going to happen again....

I'm trying to buy puts on the oex now...

B



To: dennis michael patterson who wrote (15287)9/1/1998 1:41:00 PM
From: Electric  Read Replies (1) | Respond to of 42787
 
dennis,

Keep in mind that as everyone starts to make money selling calls/shorting etc, that this cannot continue over an extended period of time.

In the back of my mind I see arbitragers taking advantage of this and there is a possibility of a squeeze. Just like in a powerful bull market if the sentiment drags too much on the one side, history shows that things tend to even out.

Properly stated, an investor must be cautious and not play the sentiment only, just because we have tanked after the bond close doesnt mean that it is a daily play.

I am very cautious of committing to any one side..

FWIW

edit) DELL seems to be back in short term favor. As the market moves upwards, DELL seems to be on top of the wave, funny how this morning it seemed to be the opposite.