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Pastimes : Ask Mohan about the Market

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To: Zeev Hed who wrote (7701)	11/12/1997 3:59:00 PM
From: Haim R. Branisteanu	Read Replies (2) of 18056

Zeev, the cycles are much more compressed for wathever reason, I think technology plays a big part to it. I am selectively closing some of my short position. We may get a very strong reflex rally as the profesionals sold tons of puts and they will need to make some money as they will just cover their position. Next week we have option expiration and usually that's a blood bath for option players. Premiums are VERY HIGH. I am tempeted to sell out of the money puts on the remaining short position. I am waiting fro the reflex rally to establish new shorts before end of month. Happy trading Haim

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