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Non-Tech : Bill Wexler's Dog Pound
REFR 1.5600.0%3:08 PM EST

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To: Bill Wexler who wrote (1168)5/26/1999 3:56:00 AM
From: Bill Wexler  Read Replies (2) of 10293
 
Something is not quite right...

Mulling the market over yet again....

Quite frankly I am not as confident in trading out of my current position (protective puts) as I was when the market bottomed last fall. Not enough fear yet. I still have this feeling that the amateur gamblers who think they are going to retire daytrading haven't been spanked hard enough yet.

Except for the first commandment (keep shorting the small-cap frauds) maybe the best thing to do is just stand pat until we get closer to expiration.

The market needs to go much lower.
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