Waiting for the big Kahuna Message Board

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Strategies & Market Trends : Waiting for the big Kahuna

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To: Bull RidaH who wrote (25574)	8/29/1998 7:02:00 PM
From: Follies	Read Replies (1) of 94695

Thanks very much for your excellent response on the VIX. You are absolutely right about the after market running higher Thursday, in fact I lightened up a little on my puts hoping to get back in at a better price. Do I have to jump out of a plane? I still have some puts left and I plan to buy more. Congrats on your VIX call, you were almost dead on at 45, I could have dump when the VIX hit 44 and reentered at a better price. The VIX has been very high for quite a while now. WHat do you think that means? One interpretation could be that lots of volatility is already priced into the market and therefore the market will settle down. BTW, besides abbey and joe there is still one more perma bull, bob brinker. He said today that he thinks this is a great mid term buying opportuninty and buyers today will be rewarded by next year.

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