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To: Robert McHale who wrote (59764)9/1/1999 9:34:00 AM
From: pater tenebrarum  Respond to of 86076
 
Robert, if you knew for certain we are about to tank, OEX puts provide quite a bit of leverage...also puts on brokers would be of interest, since they have a high beta and would definitely tank more than the market as a whole. however, we can not be certain of the market tanking...

regards,

hb



To: Robert McHale who wrote (59764)9/3/1999 12:33:00 AM
From: Robert McHale  Respond to of 86076
 
All things considered. Including the bundle I will most likely loose tomorrow. (I'm very short).
The best thing the powers that be could do for this market is take it down sooner than later.
The discovery channel just had a segment on forestry. On how controlled burns are beneficial for the ecosystem as a whole, though traumatic for those caught in the thick of it.
To say the least it struck a cord with me. If we are looking for long term stability we need periodic burns.
This may sound like a viable argument in my favor, however, I'm well aware that the likelyhood of my self benefiting
prophecy actually panning out tomorrow is close to nill.
I will live with my decision and let m ride.