Posts: 2278
From: Spring Lake, Mi. USA
Registered: JUL 2000

Posts: 426
From: Chicago
Registered: OCT 2000

posted 03-20-2001 02:28 PM         

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Read my previous post of last week regarding your question.

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Have a good time and be a good time.

Posts: 3047
From: United States
Registered: JUL 2000

posted 03-20-2001 02:31 PM         

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Yea, the Fed cut 1/2 point and that was factored into the market. A 3/4 point cut would probably have gotten the markets going again. The worst is not over yet! I'm going to take a wild guess and say that the NASDAQ will bottom out at 1650 and the DOW at 8500.

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Mike Krehel
ProwlerOnline.com

Posts: 426
From: Chicago
Registered: OCT 2000

posted 03-20-2001 03:01 PM         

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In April/May of the last 5 years tech stocks have gotten slaughtered. Octobers are no picnic either. Its dangerous to extrapolate but I see setting year long lows on the Nasdaq and Dow over the next two months. Selling puts on CSCO at $15 in May, 2001 or August, 01 to collect a little more premium isn't exactly a terrible idea. This is not investment advice.

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Have a good time and be a good time.

This message has been edited by NightProwler on 03-21-2001 at 09:12 AM

Posts: 3047
From: United States
Registered: JUL 2000

posted 03-20-2001 09:44 PM         

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Funny song...... The dow is going down..... Click Here and turn your volume up!!

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Mike Krehel
ProwlerOnline.com

Posts: 3047
From: United States
Registered: JUL 2000

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Posts: 36093
From: Mesa, Az
Registered: JUL 2000

posted 03-20-2001 10:04 PM         

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I cashed out of most of my stock three weeks ago when it went up fast - glad I did, doubled my investment - and is now back down. I got lucky once.

Mike - you think will bottom at 8500? Scary thought...
May be time to buy HomeDepot - they will be selling all those new ropes for hanging!

Posts: 426
From: Chicago
Registered: OCT 2000

posted 04-03-2001 03:14 PM         

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Like I said....year long lows. The hour glass is 1/2 empty and more sand is yet to fall.

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Have a good time and be a good time.

Posts: 18860
From: Rochester Hills, MI USA
Registered: JUL 2000

posted 04-03-2001 09:45 PM         

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Mike......Bob Rivers......it figures!!! LOL

Have you ever heard his Christmas stuff?

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CJ - 1999 Black
Stock / Classy / Beautiful

Posts: 1023
From: Navarre, Florida, USA
Registered: OCT 2000

posted 04-05-2001 12:29 PM         

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Mike,

I dig that song. My portfolio looks pretty sad compared to the end of 1999. I was doin' OOOOOOOOOO so well. Bummer. But that's ok, I can wait. I kept my shares, just gotta wait it out.

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2000 Black Kat
"self-proclaimed" poorest Prowler owner

mods:
1) ceramic pads
2) K&N filter
3) "cracked ice" shimmers
4) $16 "chromed" grill :)

Posts: 426
From: Chicago
Registered: OCT 2000

posted 04-05-2001 02:51 PM         

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If you hold GOOD companies (CSCO, GE, SUNW, TYC) whose shares have plummeted to more reasonable valuations then sell out of the money puts on these same stocks. Time period: 6-9 months but try to avoid October for a strike date on tech stocks). You will take in premium income and the worst case scenario is that you'll lower your average cost. Dont do this with . com stocks or start-ups.

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Have a good time and be a good time.

All times are CT (US)