Waiting for the big Kahuna Message Board

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Strategies & Market Trends : Waiting for the big Kahuna

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To: Defrocked who wrote (9275)	11/6/1997 8:49:00 PM
From: Mark Adams	Read Replies (2) of 94695

I didn't like the look of the market today- lots of red even though the averages looked ok. It feels as though everyone is walking on eggshells, which should be bullish, that wall of worry to climb. But I don't like the market action. I think the big money managers are now trying to sneak out the backdoor, leaving someone else holding the bag. I sold my AMAT calls yesterday which turned out profitible enough over the past week to offset two other loosing positions still open. I also managed to lay off some additional risk selling some covered calls- but I'm not anywhere near prepared for a significant drop (other than dry powder for later).

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