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Strategies & Market Trends : Tech Stock Options

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To: Jerry Olson who wrote (21531)8/30/1997 11:37:00 AM
From: Tom Trader   of 58727
 
Good morning OJ

Just when I am starting to step into the market again you come out with some thing like:

>>I think the market is very precariuos right now...What you see is not what you get..<<

Come, come--its not that bad; interest rates are favorable, the money is still flowing in, the Wilshire is making new highs, etc. You were the one who said that a correction was what this market needed and that you'd be back buying everything--now you've got the correction and you're turning bearish on me--has anyone ever suggested that you have a bi-polar disorder:)

Well my friend, some sage advice from the one who was cautioning everyone during the heady days of July: watch the bonds, if they remain stable then watch the downward momentum and if that is under control start phasing into the market, then watch the sentiment numbers and when they look right move into the market wholesale and the odds are that you'll do fine. Anyway, that's the way I am proceeding.

As an aside, one gets to know people a little bit over time, through this medium and I must say that the more I read of your communications, the more I am struck by the fact that you really are a class guy.

Take care
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