Waiting for the big Kahuna Message Board

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Strategies & Market Trends : Waiting for the big Kahuna

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To: bobby beara who wrote (36110)	1/6/1999 4:39:00 PM
From: Haim R. Branisteanu	Read Replies (2) of 94695

Not so Bobby, I sold some puts with 48% implied volatility on certain stocks. Most important is the fact that SUNW, IBM and others ended down for the day is not exactly bullish in a market that is up 3%. Now those are no small cap stocks. I think the smart money is taking profits. Therefore at mid day I shorted the stocks I wrote puts on. I hope tomorrow will be a flat day or slightly up before going down. BWDIk Haim

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