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Pastimes : The Naked Truth - Big Kahuna a Myth

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To: MythMan who wrote (50608)7/2/1999 1:06:00 PM
From: bill meehan  Read Replies (3) of 86076
 
<<Seems just about all bears think meltup will continue..hmmmm>>

Obviously, we're playing with fire, which is why (with a 10-day holding period restriction) I am not doing anything except thinking about when to begin scaling into puts. I was right last summer to ignore the VIX move into the 40s when many clients were talking about the high readings indicating a rally, and I think we'll see it into the mid to low teens before long. That's probably when I'll begin to enter some trades.

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