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Strategies & Market Trends : Waiting for the big Kahuna

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To: William H Huebl who wrote (1303)6/23/1997 10:26:00 PM
From: Mike Fredericks   of 94695
 
<<I am in 4 BAY puts just for insurance... then 100-1,000 more... ask me for my strategy, if you are interested... >>

Well, I'm interested, even if he's not...

Called Bernie's hotline and he said to close the BAYUE's... guess you'll keep them open, as will I, at least for another day or two to see what happens.

Bernie also is bullish enough that he contradicted my two purchases that I made today... (GE, DGN). He advised those who held those positions to keep holding, even though I think today was the sell date.

Japanese Prime Minister threatening to sell treasuries and shift to gold and silver did not make ABC Nightly News. Got a casual mention on CNBC this afternoon... they thought lots of other things were more important.

Why does this mean much to me? Most people do not know that the Japanese PM made this statement... but all the MM's and Analysts, etc., do. So the big guys can start moving to the exits, but the little guy won't even know what's going on... CNBC was focusing on all the stocks that moved up today, even though market was down almost 200... Bernie is bullish and said he won't turn bearish until all the other analysts turn bullish :-).

-Mike
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