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Pastimes : The Naked Truth - Big Kahuna a Myth
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To: Lucretius who wrote (71806)10/26/1999 1:02:00 PM
From: PaperChase   of 86076
 
I had a good laugh today. You have been expecting a crash in the indexes and meanwhile the DOW index is rigged further with the addition of 4 high flying companies that have recently sold off, and the deletion of 4 laggards.

I will mention for the benefit of others here that you can not hope to win over the longterm by playing puts on indexes that are rigged to always go up. You should be buying puts on sectors in decline or buy calls or long equity positions in the new DOW additions like SBC.

SBC may dip further after they release earnings but it should be viewed as a buying opportunity.
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