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Strategies & Market Trends : Waiting for the big Kahuna

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To: Barbara Barry who wrote (20169)	6/12/1998 12:11:00 PM
From: Oeconomicus	Read Replies (2) of 94695

Barb, it was out a little, but well within mild correction range at 1050. The key was that I only paid 1 7/8 net for the spread with the short side at 1025, giving me better than 10:1 profit potential. Had I left the short side in place, I'd still have about a 100% gain right now. When the first break came mid-May, I thought I was clever covering the short side for about what I had sold them for (greed, plain and simple) and that's when the whipsaws started. OK, S&P's heading down again. Hey, I've almost got a point in the game. Better go take it. Anybody stopping for lunch today? Bob

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