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 : Systems, Strategies and Resources for Trading Futures -- Ignore unavailable to you. Want to Upgrade?

To: Patrick Slevin who wrote (8379)	11/12/1998 12:34:00 PM
From: SE	Read Replies (1) \| Respond to of 44573

ACK..it hit 26.00....lower than I thought it would go. Still looking at the 30 level, but now it is not playing out as I thought it might so I wonder..... EDIT - Should bounce here, 200 period support on the one minute bars and 50 period on the 5 minute bars....and we are 7 bars into the move on the red/blue thingy...

To: Patrick Slevin who wrote (8379)	11/12/1998 12:55:00 PM
From: Tom Trader	Read Replies (1) \| Respond to of 44573

Bailed out of the long trade at 24 for a 3+ point loss Nice trade for you >>Definitely a sign that you are too prosperous. No more a sign that I feel left out seeing these stocks go up several fold for no rhyme or reason -- other than the greater fool theory being in play. So I decided to take part hoping that there'd be another fool to buy my shares before the whole house of cards collapsed. But it was a momentary aberration, thank goodness. Talking about ISP stocks -- what is amusing though, is that I sold some naked calls on ELNK and in October and when it took out 35, I knew that it was headed higher and so I decided to buy the stock to in effect make it a covered position. Well, I inadvertently bought 100 shares more than my short position in the calls at -- bought em at 37 and it is now at almost 50 -- so I am part of the internut craze without meaning to be. It should at least pay for OJ's baklava!!