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In a message dated 6/22/00 1:49:04 PM Pacific Daylight Time,
dennis@xxxxxxxxxx writes:
<< This is probably a good time for one of Gitanshu's option plays
to try to catch it either way it breaks. Seems like everything is
focusing in on the fed meeting. >>
Well for what it's worth,..in my humble opinion...(and I am often wrong
too),...I am biased toward the upside here into late June,...or the 07-07
time frame. Feel the downside is rather "limited" and more likely that we'll
have decent upside when sidelined cash gets sucked in on a break above 1500
cash, etc.
As an aside,..found it interesting that selloff today was in part
attributable to rumor of Alan G being in a car wreck. Just wondering if we
can blame CNBC for making such a rumor "seem" believable,....after all,..when
they show their "briefcase indicator",...you see Alan G RUNNING across the
street,...looking out for traffic,..etc. I always wondered why he would do
something so stupido on camera,... so in many traders minds...the likelihood
of a car wreck was fairly real. Just my thought.
Again..thanks...JIM P.
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