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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 662.63

+0.4%

Nov 19 4:00 PM EST

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To: Berney who wrote (35252)	12/15/1999 10:14:00 PM
From: Robert McHale	Read Replies (1) of 99985

Just a word of caution.This market is overvalued. Caring about this fact will, will cost you what you got. In the year 99 I have had approx 40 thou in puts expire @ 0 . Good riddance. An objecive non fundamental attitude to positions have given me back what I lost plus a couple HUNDRED %. If you se downside pull back. don't buy puts. Thats what keeps this thing going. I dont give a shit either way. Making money is easy all you need is eyes wide open.

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