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To: im a survivor who wrote (10787)	4/4/2000 7:53:00 AM
From: lurqer	Read Replies (1) \| Respond to of 35685

Opinions Anyone ??? Well here's one, worth about as much as your paying.<gg> We'll get a bounce this week, maybe today - maybe later. Moreover, very good earnings will over a few weeks timescale, support the bounce. But a bounce does not a bottom make. One of the things I try <gg> to do is market calls. Two things I watch are money and sentiment. As long as the FMOC doesn't change its mind, interest rates are going to be a problem. As for sentiment, bottoms are characterized by fear. So far, as I saw expressed on another thread, the sentiment is annoyance. You exhibit this yourself when you say I mean here at or near a bottom, with a soon to be upswing on the horizon ? I'm not trying to be flip about this or to assume the role of a seer. I'm not and know it. I learned whatever market timing skills I may have in the '70s. A very different market that taught you to be brutally honest with yourself. My only reason for writing this post is I don't want my fellow porchmates to be suckered by the upcoming relief rally. As I mentioned yesterday, approached properly the volatility can be your ally in getting the portfolio of your dreams. But you have to be careful. Wishing all the best. lurking... lurqer

To: im a survivor who wrote (10787)	4/4/2000 9:08:00 AM
From: Dr. David Gleitman	Read Replies (1) \| Respond to of 35685

thanks for the feedback KG4. Another thing to add to this equation is that the options generally dont deteriorate as rapidly as stocks do, not considering the time decay factor (I'm talking about a drop of 10 points for a stock may be reflected by a 4 point drop in the option. This to can be a viable alternative when dealing with a margin call. I just have to work out the math and choose a stock if I can't put off the margin call any longer. Somethimes some healthy and dignified groveling can buy you a day or so, which may be enough to cause a reversal. Today should be interesting. One one hand some will say that the naz was oversold, msft is said and done (call it a catalyst/excuse) and considering that there is so much new money comming into equities, it should drive the market up. On the othe hand you may find some of the brokerage firms calling their markers which will cause some more selling. I to am not thrilled with being married to calls for such a long period of time. One thing that may work to our advantage is the October effect. Sell the CC for October. If there is some correction, you may end up whole, or you can keep rolling the calls month to month. David