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Strategies & Market Trends : Waiting for the big Kahuna

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To: William H Huebl who wrote (12284)12/25/1997 10:56:00 PM
From: W. Clinton Terry  Read Replies (1) of 94695
 
Bill:

There is no reason to think that your USS put will be a fiasco. I did look at it one day and when the market went down it went down. If we are going to have a few up days in December and January, it may well go down after that. Who knows. Although I am mostly on the sidelines, I did take a super small April put position in AOL when it was at 88. It may go up, despite some recent negative news, but if it goes up more, so be it. I will look at it again after that. Who knows with these things. I would like to get out around 78-80 quickly, but am prepared to wait a bit. If it goes up a bit, I will make a few dollars. If it goes down I will loose a few. Been there, done that, both ways.

Clinton
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