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Pastimes : James Cramer Skeptic Thread -- Ignore unavailable to you. Want to Upgrade?


To: James J. Cramer who wrote (1122)1/7/1999 3:36:00 PM
From: CMon  Read Replies (1) | Respond to of 1254
 
1) Why so sure your DOT buyer was making a "wise guy bet" and not long cash vs. the option? Maybe the vol turned out to be alot more than the implied he sold, but I wouldn't call that a "wise guy bet".

and

2) If you're right and that was an outright short covering, then turn the chart upside down: you'd be the first to pronounce it a capitulation and the sign of a bottom.