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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: HairBall who wrote (29695)	10/15/1999 1:47:00 AM
From: Dwight E. Karlsen	Respond to of 99985

LG, the Greenspan quote you saw on CNN Moneyline was from a couple of weeks ago, in a speech he gave to a group in Jackson Hole, Wyoming. The complete text was distributed via the internet from the fed web site. A few weeks ago, nobody cared whether A.G. pontificated about bubbles or "sharp reversals in confidence", or not. I was going to be super busy today, so at a quarter to noon (EST), I somewhat reluctantly sold my Nov. 1350 puts that I had snagged at the open on Tues. But the 88% profit was beckoning to be booked into my account, so I had to oblige. Interestingly enough, the SPX closed today at exactly the same point at which I closed the puts earlier in the day, just before the second dump. I don't like holding either short or long positions over the weekend, but I do on occasion. I'm out for awhile now, until I see the next opportunity to make some dough.