Waiting for the big Kahuna Message Board

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Strategies & Market Trends : Waiting for the big Kahuna

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To: James F. Hopkins who wrote (34395)	11/25/1998 9:42:00 AM
From: James F. Hopkins	Read Replies (1) of 94695

Fair Value is $3 on the futures, buy programs at $5, sell at $1.50 now at 1187.20 , so that's 79 cents below the buy program mark, this can change fast. There seems to be many more stocks in the sell baskets than in the buy baskets, ( I don't know why ). But that means nothing if the Futures don't drop. International markets are mixed to down slightly, I guess they are waiting to see what we do. I sold late Monday except for one stock, and will stay mostly cash until I see if we clear resistance. I may sell a few puts on some stocks if the premium gets right, But not on the internuts , I don't think they lead the market but if we do correct they will correct more than the rest. ------------------------ We have started off to the upside, but will we hold it. Jim

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