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Strategies & Market Trends : Waiting for the big Kahuna

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To: Steven Cooper who wrote (1062)6/16/1997 8:15:00 AM
From: William H Huebl   of 94695
 
Hi again Steve,

I read that article IMPORTANT TO ALL: it was a put SPREAD and the makers are almost guaranteeing the Big One doesn't occur in THIS expiration. So we may have a sell-off, but I don't think it will get to the 815 level this week... or even 825 on the OEX.

Frankly, I am looking at DELL to provide put protection next month... it may break out above 115 resistance and get to 120 or so... then the 120 puts would be a great hedge or you could gamble with a lesser option.

Of course the Tech Sector is weak and looking weaker (see the SI poll) so you might just be able to make some money on DELL THIS expiration. But it goes completely AGAINST my principles.

Regards,

Bill
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