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Strategies & Market Trends : Options

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To: Poet who wrote (7004)	4/27/2000 5:37:00 PM
From: Seldom_Blue	Read Replies (1) of 8096

Hi Poet, It was hard to see some significant profit disappear. Worse yet I was still feeling the naz would continue to go down. I have to say today gave me a bit more confidence. I much prefer a sharp downturn at open with a rally at the end of day. Perhaps we have reached the bottom technically? I am still not feeling good about the rate hikes coming up. The question is whether the hikes have been priced into the market. I am only concentrating on infrastructure companies because they will make money regardless of the economy, perhaps at a slower pace. I am not committing any real cash until the fed action on May 16th. Good close today. Up 25% from the low a couple of weeks ago, but down 37% from the high. Almost back to Jan level... Another thought: I do think we probably should look at G&K stocks for our option plays more than other high flyers. Not to discourage discussion, but those G&K stocks do seem to hold up a whole lot better. I am going to focus more on those in the future. One of my friend's brother lost all 200K of his portfolio in the last month. Do not know what he was into. But those stories about people getting wiped out are definitely real. Seldom Blue

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