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Strategies & Market Trends : Waiting for the big Kahuna

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To: robnhood who wrote (8098)10/28/1997 7:26:00 AM
From: William H Huebl  Read Replies (1) of 94695
 
Hi Russell,

I cancelled all my orders... this is not a crash... this is a media event first and foremost.

Since CNBC tried to drum up interest, since the negativity espoused by media coverage last night on Peter Jennings show...

Nope, I can make better money when things aren't this volatile...

Imagine, paying 3/4 for a put 7 points out of the money in COMS which closed at around 42 last night. NOT...

And then there is the S&P overnight... what the heck is going on???

No, he who fights and runs away, lives to fight another day... thank you very much.

I wait until the dust settles.

Regards,

Bill
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