Waiting for the big Kahuna Message Board

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Strategies & Market Trends : Waiting for the big Kahuna

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To: William H Huebl who wrote (23928)	8/11/1998 3:04:00 PM
From: Haim R. Branisteanu	Read Replies (1) of 94695

Bill I wrote in the money puts this morning only to get scared out of them about 1 hour ago for only a 1/4 profit after they were down $1. Thanks for your advise. Remember we are in a bear market the mirror of a bull market wen every one was saying the market is overbought we need a pause the market was still marching up. Now we have the opposite. Oversold and the market still gets lower. During the last month every time I tried to hedge I got bitten and paid for it. The fact that we are still 200 points down and oscilating around SPX 1060 is not such a great sign of confidence. The truth is that it is quite difficult without CNBC or other financial news to make decisions. Thanks in any case. BWDIK Haim

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