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Pastimes : The Naked Truth - Big Kahuna a Myth
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To: Defrocked who wrote (42151)5/24/1999 1:58:00 PM
From: Defrocked  Read Replies (2) of 86076
 
FWIW Dept. I've been pretty busy this AM.
I sold my Jun Yen puts at a nice profit.
Sold SPM again, adding to Friday's
short position. Buy stops are in place. And I
am still long those July Tbond calls.

Technically and fundamentally stocks are in the
worst shape since last Fall IMHO. Profit-taking,
trend followers could lead to margin calls and to
a retrace back to 9800. Just a small but sobering
correction of 10% or so. Seems ripe to me. BWDIK.
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