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 : Roger's 1998 Short Picks -- Ignore unavailable to you. Want to Upgrade?

To: Joey Two-Cents who wrote (14657)	10/19/1998 12:56:00 AM
From: space cadet	Respond to of 18691

Hi JTC, I agree with most of what you say, though I don't think the y2k problem will be a contributing factor much. I think it's a pretty minor technical detail and not even the moronic media can blow it into a major crisis. The Republicans have badly overplayed the impeachment nonsense and if they continue with it it will most likely blow up in their face. If they have any sense at all (admittedly they too are a bunch of fascist morons) they will drop the whole farce on Nov 4. So I don't expect that will amount to much either. Even if they don't drop it, the market has tuned it out and it will not have any effect in my opinion. It looks to me like we are in the middle of an earnings related bull market rally in a strong bull market. Now I agree with you that we have some serious problems: actually by far the most serious is that earnings growth has virtually disappeared for many many companies in the US. They will be lucky to grow earnings 5% next year. However, like briefing.com I doubt this unpleasant reality will intrude on this wonderful rally (wonderful for longs of course:). So I don't see any weakness until the end of Oct or the beginning or middle of Nov. Maybe after Dell's blowout earnings in Nov the weakness will start again- just in time for another fed rate cut! For now it doesn't look like we will head down very far. It's hard to see how we could get below 8000. Do you see us falling much below that? If so, when? Also, what specific stocks, options, and gold calls do you like here for people who want to get in here. I agree that short term we are extremely overbought so by the middle of this week we should have at least one and possibly even two days (imagine that!) of weakness. But it definitely looks like we turned an important corner that Thursday before last, so any dramatic weakness does not appear to be likely anytime soon.

To: Joey Two-Cents who wrote (14657)	10/19/1998 7:45:00 AM
From: valueminded	Respond to of 18691

Joey While i agree with the coverage in cash, I am not so sure about the coverage with gold calls. As the need for cash increases, some of the central banks will sell their hard assets for cash. (just my opinion) at any rate, I would prefer to further hedge with some protective puts. what do you recommend (time and strike price) With the rebound in the financials, it may be a good chance to reload ? thanks