Waiting for the big Kahuna Message Board

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Strategies & Market Trends : Waiting for the big Kahuna

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To: William H Huebl who wrote (1849)	7/2/1997 8:51:00 PM
From: Death Sphincter	of 94695

HEY BILL!!!!!!!!!!---- A while back you were calling it "September 30th" as a comparison to 1987...the economics are different than 1987 but the valuations are not. Being a chartist I can see a better correlation to August 18, 1987 right now. I, luckily, was not a pig this time. Cashed in my puts on the big Monday drop day, they were all "in the money" to start and I got a couple bucks. Still holding BAANF 70 Puts cause I think they will have profit taking. But right now I AM LOOKING at some more. WHY?? Because all the "things" that could be BIG SURPRISES and hurt the market did not happen and there has been a lot of short interest hoping "something magical" would whack it down. So what happens when these positions get closed out? There she blows!!! And short interest covering is not the same as frantic buying but it may lead to some and then there are going to be some REALLY OVEREXTENDED puppies...can you see it happening? I'm not saying Kahuna..but a possible blow-off with earnings that are NOT +20% across the board. Will also have to see if tomorrow's numbers make anyone nervous. This season is far from over, and remember about the bears, bulls and pigs. Hugs and Kisses Aunty Em

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