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To: Lucretius who wrote (66761)	10/8/1999 3:06:00 AM
From: Dwight E. Karlsen	Read Replies (1) of 86076

be sure and come back so we can chat here in a few days and see which trades wiped you out... Luc, I regret to inform you that I sold my SPX and DJIA calls today (Oct. 7th) at 11:45am EST. Net gain on that series of trades (bought and held since Sept. 29th) was 76%. Pretty poor showing, considering the SPX was up 45 pts. All premium was wiped out, since they went so far into the money. Anyway, just wanted say I'm now 100% cash in my taxable account. >we'll see how smug you feel when you're down 50% here in a couple days cause you just had to play some miniscule pre-crash bounce in an airline..< But I don't feel smug. I feel lucky to have went with my decisions, and made out ok. Not that you care, but I used a combination of chart T/A, market sentiment and potential for "relief rally" after Fed decision, all thrown together as enough "on my side" to do a position trade on the indexes. The trades are booked. I am still holding that DAL stock though, in my IRA. Guy on the "Strictly Drilling" thread says he picked the wrong month to stop sniffing glue. -GG-

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