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Strategies & Market Trends : Waiting for the big Kahuna

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To: Vitas who wrote (20045)6/10/1998 8:00:00 AM
From: Byram   of 94695
 
Vitas
Upside Kahunas!!!!!!!!!
When I first signed on to SI I was thinking the "frothy market" needed to correct....then, the BK thread seemed to agree with me that the market need to diffuse (drop) ........
For a while I saw "BK" as meaning the big drop......but after watching, lurking, listening, etc...I now take the "BK" as meaning any big move.
Just to relate a small story....
On April 27 I was one of those with that had bought puts the preceeding Wed...... and It was the largest single transaction profit I have had EVER.... The next few days I had puts and calls both ... When I stated here that I held some puts on Wed (29th) when the jobs (?) report came out that got slammed....(I had some awful pretty calls also). some guy sent a private message saying " Hey Dumb@ss, this is a #$*#(@ BULL MARKET - you got what you deserved" I didn't bother to respond but I will say I do beleive that that persons portfolio wasn't as pretty in May as he thought it was going to be....LOL
Good trades today - UP or down
Byram
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