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To: Lucretius who wrote (66761)	10/6/1999 12:24:00 AM
From: Jack of All Trades	Read Replies (1) \| Respond to of 86076

LT, Do you think we will head down at the open or a move upward to get a chance at cheaper puts??

To: Lucretius who wrote (66761)	10/6/1999 12:27:00 AM
From: Dwight E. Karlsen	Read Replies (1) \| Respond to of 86076

whatever, Luc. If you are expecting a 1930s style Great Depression, then no, I don't get it. OTOH, I realize that the market can "correct" at any time. Late 1997 had some nasty days. 1998 did also, as I remember. You places your bets, you take your chances. But lets just say that tomorrow (or in 3 days, next week, whatever) the major indexes crater down another 15-17%. Even 20% down in DJIA, SPX, Nasdaq. From today's close. Virtually all U.S. business would carry on the same as they carried out business last week. Now THAT THOUGHT must be depressing to you perma bears.

To: Lucretius who wrote (66761)	10/6/1999 1:17:00 AM
From: Dwight E. Karlsen	Read Replies (2) \| Respond to of 86076

Luc, you like to see red...check out this list: techstocks.com Those are OSX (oil service) stocks. HAL warned last night, was the main reason. Probably oil down again, too. The OSX stocks just have not sparked like some had expected, considering the ramp in the price of crude. I may be mistaken, but I think you used to hang on the "Strictly Drilling" thread. Glad I've stayed away from those OSX stocks.

To: Lucretius who wrote (66761)	10/8/1999 3:06:00 AM
From: Dwight E. Karlsen	Read Replies (1) \| Respond to of 86076

be sure and come back so we can chat here in a few days and see which trades wiped you out... Luc, I regret to inform you that I sold my SPX and DJIA calls today (Oct. 7th) at 11:45am EST. Net gain on that series of trades (bought and held since Sept. 29th) was 76%. Pretty poor showing, considering the SPX was up 45 pts. All premium was wiped out, since they went so far into the money. Anyway, just wanted say I'm now 100% cash in my taxable account. >we'll see how smug you feel when you're down 50% here in a couple days cause you just had to play some miniscule pre-crash bounce in an airline..< But I don't feel smug. I feel lucky to have went with my decisions, and made out ok. Not that you care, but I used a combination of chart T/A, market sentiment and potential for "relief rally" after Fed decision, all thrown together as enough "on my side" to do a position trade on the indexes. The trades are booked. I am still holding that DAL stock though, in my IRA. Guy on the "Strictly Drilling" thread says he picked the wrong month to stop sniffing glue. -GG-