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Strategies & Market Trends : Bob Brinker: Market Savant & Radio Host
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To: Investor2 who wrote (1117)8/9/1997 9:02:00 AM
From: KM   of 42834
 
I2: I have heard more of the "correction is at hand stuff" than anything positive. Although, I did listen to John Dessaure's hotline last night, and he postulated that the selloff in bonds was largely hedge fund selling necessitated by their bad bets on the British pound.

Normally, I would rather welcome a correction as an opportunity to buy stuff I let get away, but right now, I have August option positions in INTC which have large profits in them (although have given back some the past two days) and I am searching for divine guidance regarding whether to dump them at the first rally next week or hang on a little longer. I had intended to exercise them, but that depended on another option trade doing right . . . which it won't if there's a correction . . . it's all very boring.
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