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 : The Stock Market Bubble -- Ignore unavailable to you. Want to Upgrade?

To: Ted Shelton who wrote (2278)	11/2/1998 4:31:00 PM
From: Terry Whitman	Respond to of 3339

Excellent commentary. The last several days have the look of panic buying- Nobody wants to miss this excellent "buying oppotunity". I'm awfully close to panic myself. I actually hedged a couple of my short positions with longs last thursday and friday. Closed them with a nice gain. Hope that I don't have to do it again though. In a fit of boredom, I counted the number of days in the September bear rally to be 17. Today will mark the 17th day of this rally. Elections tommorrow, Impeachment proceedings to begin shortly.... I'm holding my shorts. Regards, TW

To: Ted Shelton who wrote (2278)	11/2/1998 4:35:00 PM
From: Mama Bear	Read Replies (2) \| Respond to of 3339

"So we had our dip that people thought was the crash - but now we are above the old highs. " Ted, I have a high of 1186.69 for the SPX, it closed at 1111.6 today. I have a high of 9338.23 for the Industrial Index, it closed at 8706.15 today. I have a high of 491.41 for the RUT, it closed at 386.82 today. We are closing in on the highs, but they have not been exceeded yet. Barb

To: Ted Shelton who wrote (2278)	11/2/1998 7:30:00 PM
From: Moominoid	Respond to of 3339

I've been selling Friday and Monday, closing some longs, setting up shorts, and buying puts. Aussie dollar cash is about 20% of net (I'm in Australia). About 20% in US shorts/longs. About 40% long Aussie stocks. 10% other. Rest in Aussie options. Australia (3rd biggest Asian market) is responding weakly to the continuing US rally yesterday. I'm guessing the interest rate cut here will be weaker than expected this week or not at all. There is no cue from Japan today. HK not open yet. I don't think the big crash is coming now. But I'm ready if it is. It seems more reasonable to me to retrace about half the last rally from 10/8 David