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Gold/Mining/Energy : CDN. MOMO PUPPIES -- Ignore unavailable to you. Want to Upgrade?


To: Buckey who wrote (21775)1/26/2000 11:51:00 PM
From: koan  Read Replies (2) | Respond to of 36688
 
cute Buckey - yep this is just like 1987 - what a trip that was. Made enough that year on Pegasus wts to stave off bankruptcy: true story: I was really busted that year (reaal tough year) going through a divorce and had rental property in a bear mkt that I could barely make payments on. I won $15,000 that year in the local high stakes poker game and put it all into Pegasus wts at .30 (everyone in my town knows this is a dead true story because I put half of them in to them too (I would never do that today <g>) (Pegasus wts - strike price $14.57 good for 3 years - stock went to about $35.00 - wts 5 for 1 <g>) the wts went to $5.25. I had 40,000. Saved my ass. I have done nothing since until this new bull tech mkt. But 1987 was when I needed the dough. When some of my friends start posting here they will tell you that is a true story - I knew you would like that one <g.> - any guy who is planning to trade stocks with a wireless on his snow shovel lololo. PS - one guy in town bought 80,000 at .30 and sold them all at .60 and went on vacation - when he came back they were 5.25 (half a million) - he still talks to himself lolol.



To: Buckey who wrote (21775)1/27/2000 8:13:00 AM
From: AllansAlias  Respond to of 36688
 
re: Enjoy this bull run.

I'm in no position to say, just not enough background, but the big picture is looking pretty weird these days. The S&P has been seeking firm ground since the beginning of the month, and January, with a couple of days to go, is shaping up as the biggest down calendar month since August/1998. The volatility has also increased dramatically since the the new year -- blowing off? A quarter point rate hike appears to be in the works for the February 2 FOMC meeting and, although these never seem to scare people off for too long, you would think the straws are beginning to add up. Commodities, as has been pointed out here before I think, have broken out pretty strong.

Does anyone else thing the S&P could lose a 100 points next month? Yikes.

Time to sell some more options. -g-

--Allan