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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank -- Ignore unavailable to you. Want to Upgrade?

To: Lane Hall-Witt who wrote (57059)	8/23/1999 4:09:00 PM
From: Jenna	Respond to of 120523

sold SDLI to make up for PHCM. In Sept 70 puts in EXTR, Sept 700 puts for the OEX...

To: Lane Hall-Witt who wrote (57059)	8/23/1999 4:27:00 PM
From: Christopher Loe	Read Replies (1) \| Respond to of 120523

For what it's worth, just bought OEYUP Sept-680 OEX puts at 6 1/8 right near the close. At least one Gemmer isn't so bullish about tomorrow. To me it sure looks like we got the relief rally 24 hours too soon. Even if we keep rallying tomorrow I'm confident these will be a double before expiration. I'm holding all cash except for these options. This market has me real scared for the first time this year, I'm absolutely confounded by today's action. Am I the only one? Would appreciate some comments from the thread. Fellow Gemmer