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To: MonsieurGonzo who wrote (3735)	9/1/1998 5:20:00 AM
From: Jurgen Trautmann	Read Replies (1) of 11051

Steve, I bought LKP-AH back yesterday @ 15:58h "in absente"... When I left home (at 2 p.m. EST) I ordered 50 contracts with limit $4 and this order was executed during the "programmed selling". Silly. All things seem to run as I predicted - but I'm not "in". I'm still in doubt whether a reversal of markets can happen without any correction of worldwide problems. As a "analyst" said, we "need" a incentive from outside. And if we get a rescue, will it continue during the warnings-season? Not probable. If not the point of bounce is that low so that nobody can doubt on it. How low must this be? I don't know, but substantially lower than now. Even my predicted "7000" is too high for giving enough tense for a jump into October. Another 5% lower? Plus change? 6000? Hard to say. All this happened by far too early. But when we get a soft-rally, the next bounce MUST go deeper than this. Nobody is "calculating" now, all is psychology and strategy. These young boys in the banks don't know fear, responsibility or risk-optimizing: IMO they play "all or nothing". I'm still 25% in cash (it's getting more and more percents...) - when all this shell become a rest of worth, I must optimize the entry of this cash. It's hard to find a good decision... Just thoughts. Don't take this too serious. Jury

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