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Pastimes : Home on the range where the buffalo roam

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To: Walkingshadow who wrote (10128)	2/13/2001 4:54:12 PM
From: mishedlo	Read Replies (3) of 13572

All I can say is buying pressure died on the vine today. Totally. I had a wonderful day reloading the PUTs I sold yesterday (I will spare the details as Greg does not want to hear them). These are bear rallies, they will not last, and I will sell after 3 down days or so and reload on the bounces. Today was a bounce. People will think twice about buying now, or they will simply lose more. How much sideline cash went down the toilet today? Selling almost all my PUTs yesterday and relaoding today was easy. I will continue with this until we are about to retest the bottom at 2200 or whatever. We might get a couple hundred point bounce on that one, then the pundits will all proclaim another "bottom call" that most likely will be totally wrong. It's a fun game now, close your puts after 3-4 days down and reload on any bounce. We bounced today. Looking for 2-3 more days down before another attempt. If wrong I will lighten up, but I have a big cushion as my timing was pretty good on some of these absurd morning runups that sucked up more cash from the dipsters. M

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