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.

Non-Tech : Invest / LTD -- Ignore unavailable to you. Want to Upgrade?

To: The Perfect Hedge who wrote (2577)	9/5/1998 12:10:00 PM
From: Lucretius	Respond to of 14427

Beebs: I think the OSX will rally quite noticebly, but it is not the beginning of a new trend. The dollar is dropping and will continue to drop which is bullish for oil, but as the US, South American, and European economies slow into recession, oil consumption will drop even further and offset any gains in oil price from the drop in the dollar. therefore the pop in oil is temporary. I would use it to lighten up on the drillers or if you're a trader, a long position might be fun for a trade. I have no idea how long this up move will last, but my best guess says a few weeks. on the other hand... the gold bull was just born last week. Get on for the ride. It will be a long one. -Lucretius

To: The Perfect Hedge who wrote (2577)	9/5/1998 12:26:00 PM
From: Lucretius	Read Replies (1) \| Respond to of 14427

nice site, I agree that it could be this week, or maybe it is next Mon. i really don't care, we're headed that way. Either time is fine w/ me (G) I don't think we'll stop at 6600 though. These things have a way of snowballing through margin calls and derivatives (imagine all those poor souls that have been selling naked DELL puts for years and raking it in when DELL plunges to around 65 in one day. They're in for a shock! Such a drop causes margin calls on their longs which causes sales which causes others to get margin calls on their naked options on the stock that the DELL guy was just forced to dump, and so on... It can be a real domino effect.) My target remains 5100 to 5500 for this next plunge. Keep in mind I do believe we will visit 4000 in Oct after an anemic rally from this dump. Late Oct/early Nov should see a rally to 7000 before slowly rolling over again and going down all next year to around 2000, w/ a visit to 1000 in early yr 2000 very possible before the worst bear of all time is over. -Lucretius