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Strategies & Market Trends : Waiting for the big Kahuna

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To: Oeconomicus who wrote (20090)6/11/1998 5:12:00 PM
From: Barbara Barry  Read Replies (2) of 94695
 
bob,
Hope I haven't jinxed you.I learned the hard way after selling my puts on that Thurs. (23rd) not to be so quick to take profits when I am with the trend. Oh well $ is $ right?NOT!But I really turn into a chicken this close to expiry. I wish I was smart enough to buy those 530 puts yesterday,THIS time I would have held to at least Friday with this action.But I can see your whipsaw reasoning.Days like today shake up a lot of markets.I have seen this kind of technical damage before and then along comes the gurus screaming that it's a buying opportunity. Wonder what the words will be this time?
Regards,
Barbara
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