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John NY

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John NY

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Re: jenna post# 9597

Monday, 10/07/2002 8:24:53 PM

Monday, October 07, 2002 8:24:53 PM

Post# of 25232
That was one long down swing. I figured we were due some minor rally, longer than an hour. Don't we need a 3-day? That would really get me buying puts again. I feel a bit like I did going long Feb. 2000, the this-can't-last-forever feeling. But there's so much missing for a meaningful rally, that 'down' makes sense. But then there's the other case, sideways. I can't get 400% on put/call if we go flat. So I guess that is the Q: Still more volatility?

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