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: RealMuLan who wrote (4504)	10/21/1998 6:31:00 PM
From: waverider	Read Replies (2) \| Respond to of 14427

Steve, as long as NEM stays above $21 1/2, I'm keeping my gold positions. This could very well just be a base building after the huge run up. Thean, we parted ways today on AFS. I bought more puts in the AM. The stock closed below key support today and sold off back near the low at the end with pretty good volume. Looks to me as if there is some support around $68 or so. I see $60 as a possibility if we continue to correct tomorrow. What's your take (since you sold, I guess I already know!). cbs.marketwatch.com A CBS chart 'cause I haven't been able to get IQ without my computer wigging out and breaking the connection. Anyone else have that same problems?

To: RealMuLan who wrote (4504)	10/21/1998 7:42:00 PM
From: Thean	Read Replies (4) \| Respond to of 14427

Yiwu, I trade FGII intraday. For the very near term, the floor of FGII is $12 and the upside is $13 1/4. If oil does not slide tonight, I expect a moderate open up tomorrow for OSX and then they slide if oil holds steady. If this scenario does not work out, I will take a loss if necessary. D - AFS - your supports are reasonable. However, with the current high uncertainty in the market direction, my strategy has turned guerilla. If AFS moves to $60, more power to your for taking the higher risk. I will reput it when it breaks below $68 and a clearer direction emerges. Will be very happy if I makes some more money on AFS but I don't want any risk greater than 50:50. As you know, I don't invest based on hope. I invest based on calculated risk/reward on a day-to-day basis.