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To: Thean who wrote (8266)4/19/1999 8:39:00 PM
From: Broken_Clock  Read Replies (2) | Respond to of 14427
 
Thean,
Take a look at SLB on the weekly IQ. it hit that 66 and headed straight down. 66 was the panic low last year and became support later in the year for a couple of weeks befor it broke and the osx tanked. I would want a close well above 66 for at least a week on SLB to know the osx is for real. i think your pu is a winner. i am holding sch put and it it looking good. I may spin off some NEM call $ in a few days and get some slb put.



To: Thean who wrote (8266)4/19/1999 9:14:00 PM
From: SJS  Respond to of 14427
 
BE aware that EMC and MSFT earnings tomorrow (EMC in morning). If reasonable (over .40 for EMC) could be some help, but then again.......maybe not.



To: Thean who wrote (8266)4/19/1999 9:31:00 PM
From: SJS  Read Replies (1) | Respond to of 14427
 
Greed and Fear, or the psychology of investing.

I think we've migrated from specific issue greed/fear to a more general greed/fear, now in level 2: Specific SECTORS. When holders of a specific stock gets to deal with the fear thing, it's localized. Funds don't really show it, and the population doesn't pay attention to it, for the most part.

Now, with sectors fear, the average Joe wakes up and takes notice. It affects the funds and the monthly statements.

If this gets too far along, we'll move to LT's meltdown scenerio where there's MARKET greed/fear. Then, fear becomes pervasive and no-one is safe for a while - like last summer.

Of the two motivators, I personally think FEAR is more compelling to the average person. Action must be taken........or not?

Has anyone here on LTD with a ST trading perspective been able to succesfully and consistently conquer this or reverse it with the willpower to step up and buy into these events?