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Strategies & Market Trends : Waiting for the big Kahuna
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To: William H Huebl who wrote (3219)7/25/1997 10:28:00 PM
From: William H Huebl   of 94695
 
Hi Mark,

I understand your question but fail to see the problem. (Mark emailed me this question and he said to either email my response or post it... I prefer posting so he has the benefit of everyone's response... or at least those who wish to respond.)

Mark, I am essentially a sort term options trader who uses longer term options to reduce the risk of investing in options. I try to forecast on a weekly... sometimes longer basis based on what my indicators tell me about the market. By historical standards, the markets are way overvalued, so any discussion here becaomes an Einstein discussion in relativity.

And I have a rule... "If you don't know... don't say." I REALLY DON'T KNOW WHAT IS GOING TO HAPPEN. This market is a "singular event" which may or may not happen again. I wish I could predict it, but thus far I have been pumping good money after bad.

Here is how good I am... this week I bragged how strongly the market would go up... maybe break 9,0000... instead, NYSE up a measly 3%.

So if you are looking for guidance from this puppy (make that geezer), you will find my advice sadly disappointing.

Now tomorrow I WILL have a forecast bright and early based on the weekly Barron's I get on Saturday. And THOSE forecasts aren't too bad as long as you don't bet the farm on them. In fact, don't invest anything on them and DO YOUR OWN HOMEWORK!!!

Regards,

Bill

PS I never did get any of the calls I tried to buy this week and WDC may be getting on thin ice...

BWDIK?
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