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Politics : Idea Of The Day

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To: Jerry Olson who wrote (14092)11/12/1997 6:05:00 PM
From: Tom Trader  Read Replies (1) of 50167
 
>>I'm holding calls and shares....nix to you!!!

Hi OJ--sorry if I came across as irrationally exuberant even as you were concerned about you long positions. I have some of those too--and they have been creamed--despite being protected with some OEX puts.

But as you know I am short the Dec S&P futures and it is already showing a healthy profit at this point--so the idea that they might open down 30 points is just too good to contemplate; remember that is $500 per point per contract.

Now may be they open down 45-70 points--ohh there I go being irrationally exuberant yet again:)

For all I know they'll end up opening limit up.
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