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Strategies & Market Trends : Waiting for the big Kahuna

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To: kahunabear who wrote (2534)7/16/1997 6:57:00 AM
From: William H Huebl   of 94695
 
Hi Britt,

Britt, I was motivated to the tune of 174 puts... I just hate seeing them go down the drain. And I understand your temptation to jump ship.

I believe it is significant we have not had the level of posts we normally have. On average, starting 150 days ago, we would see 10 - 15 posts a day. Actually, we started with a couple a day and swelled to as many as 50 a day at dicey periods in the market and the current level HAS to be a 3 month low. As Ibexx said at the beginning, "Don't use me as your indicator." But the real truth of the matter is that when the SI investors feel confident in the market, they flock to bullish threads.

So Britt, don't give up all hope... it may not be today, it may not be by expiry (sigh), but it is coming... regardless the level.

Regards,

Bill

PS I noticed a strange thing... GM 50 puts OI... extremely low for the near option... I own 1/6 of the open interest!
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