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Pastimes : The Naked Truth - Big Kahuna a Myth

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To: re3 who wrote (19605)2/14/1999 5:14:00 PM
From: IceShark  Read Replies (1) of 86076
 
No Howard, not yet. I want to see how things play out a bit. I have plenty of puts and equity shorts as it is. -g- Like 60%, and 40 dry powder.

And I don't have a clue how a decline in the market would work anymore. There are far more hedge, pension and mutual funds than there are stock issues. Throw in the derivative plays and PPT dropping into the game to buy SPoos and who can figure out what will happen.

With Feb expiry only a few days off equities tend to stabilize as people close out winning positions prior to Friday. So, I don't know what the hell is going to happen, but on balance it doesn't look good.
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