VOLTAIRE'S PORCH-MODERATED Message Board

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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED

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To: RR who wrote (56042)	11/6/2002 8:45:34 PM
From: RR	Read Replies (1) of 65232

In SPX Dec 925 puts today. 30 contracts from 36.00 to 40.00. SPX may have more to go up, perhaps around 940. That's where I was really trying to hold out for initially but decided to enter this afternoon. If market up tomorrow, I may add more. Large position, so must be careful. Still think ye ole market will shake the trees to the downside before options expiration. Position is way too risky. Don't anybody do this, or if you do, don't cry my shoulder if your head is handed to you on a platter, ya hear! Gurus are 50-50 from what I can tell tonight as to what effect CSCO will have tomorrow. Gurus say gap down and pooper on the way, while other gurus say still another pump up to top out, then down. I did a quick look at the CSCO report and was not impressed. Scratch my head. RR

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