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Non-Tech : Invest / LTD
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To: drsvelte who wrote (3150)9/21/1998 4:14:00 PM
From: waverider  Read Replies (2) of 14427
 
Appears as if lots of us covered today. I'll join the chorus.

Sold all my short term puts today (BBY, UN, EK, AFS, and KRB) when I saw the market punch through 7808 for the third time. I didn't like that action at all. I'm still holding all my leap puts, however. Looks to me as if we are in for an extended rally here. All the bad news is out (that we know of) and Clinton appears to have pulled off his video without too much damage (if one is to believe the chatter on SI).

Beebs, also sold my NKE puts after it punched through $39. With the upgrades and today's price action, it appears as if we'll see some higher prices here. Tomorrow will be telling.

Good Luck everyone.

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