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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?

To: John Carson who wrote (42415)	7/27/1999 6:48:00 PM
From: GROUND ZERO™	Respond to of 94695

You don't have to be crazy, but it helps..... GZ

To: John Carson who wrote (42415)	7/28/1999 3:56:00 PM
From: Yogizuna	Read Replies (1) \| Respond to of 94695

Johnny Carson! It's very nice to have you here!! How is Ed McMahon, still involved in the Publishers Clearing House "fleece em'" business? <VBG> Seriously though, yes, you are "nuts", not for buying puts or being bearish, but for not giving yourself enough time IMO, because there is a chance that the next real bear market will not arrive until next late winter or spring sometime. I have lost some fairly large amounts of money in the past by being right on the direction, but not giving myself enough time to see it through. 80% of my long put purchases these days is for expiration dates at least one year or longer, so if I'm wrong, there is plenty of time left to recover. But even then one still loses every so often. Going long index puts is one of the toughest games in "market town" for the last nine years or so... Yogi