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Non-Tech : Invest / LTD

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To: Thean who wrote (4818)10/29/1998 11:33:00 PM
From: Lucretius  Read Replies (2) of 14427
 
Ah, but this is simply not true!

Mkt can and will fall 1000 points in a day. Circuit breakers hit at 800 ponts and we close for an hour then we reopen and can fall another 800 points before we close for 2 hrs, then we can reopen and fall another 900 points before closing for the day.

that's a grand total of 2500.

anything is possible, and my guess is the next decline will not give you time to short (or more likely the initial decline will be so great that most feel we are oversold and won't risk buying VERY expensive puts or shorting)

if ya wanna play.. you gotta pay. Otherwise, I'd sit it out and wait for a trend that you can play. Things are going to get a little wild I think.
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