Waiting for the big Kahuna Message Board

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Strategies & Market Trends : Waiting for the big Kahuna

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To: William H Huebl who wrote (36484)	1/16/1999 12:47:00 PM
From: Haim R. Branisteanu	Read Replies (1) of 94695

Bill, please be clearer, you mentioned that you anticipate an average 7% gain from the lows, or SPX 1210 which will bring us to SPX 1294 or a double top. This scenario is fine with me as I am long over the weekend. Yes I am also hedged as I wrote calls on my longs. At 48% volatility it was to tempting not to do so. (Calls are 8% of the stock value) At SPX 1294 I may go naked on those calls. BWDIK Haim

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