3 replies to this topic

[ogm]

I'm not a great beleiver in WWW, but still... A sharp drop after the Fed tomorrow will probably generate huge levels of fear ( like we don't have enough already) And will provide a good setup to burn all those puts that are being heavily accumulated right into the OPEX. Setup may be right for this kind of action. Then again we can always go straight up. I'm going to write some more calls here before the Fed, just in case we do get that drop. If we do , I'll buy them back tomorrow. If its a straight ups shot, and the stock will get called away.. still a good deal. I think the markets will still remain volatile for the time being, so I'll buy it back if I'll decide to do that. As a side note, I see A/D is imprioviung significantly here. Speculative stuff started coming to life. Look at Solars for example. Another side note.. heavy call volume in brokers. GS good example. And the stocks keep powering ahead ondecent volume.

Edited by ogm, 07 August 2007 - 10:53 AM.

[emdee]

Hi ogm,

Notice at the March (Nasdaq) bottom that WWW was a modest down day that was followed by a small bounce. A slightly lower low was then put in place on the Wednesday just prior to OE. The market then went into rally mode for several months. A similar outcome is a fair possibility.

http://stockcharts.com/c-sc/sc?s=$COMPQ&p=D&st=2007-01-01&i=p65692967590&a=82570776&r=9544.png

Fwiw...Mike

[Tor]

where is he I miss that guy!!

[Rogerdodger]

where is he I miss that guy!!

Tor, Maybe if you would clear your inbox you would get a surprise.