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Strategies & Market Trends : Fidelity Select Sector funds -- Ignore unavailable to you. Want to Upgrade?


To: seminole who wrote (3006)10/18/2000 10:32:17 AM
From: Angler  Read Replies (1) | Respond to of 4916
 
Richard:

I'm almost in the money already today on the Dec.Puts I bought early against the QQQ. This is the worst case scenario for traders hanging in there .

I'm not confident that even the oils can withstand the onslaught of selling when folks (some on margin) start selling offsetting gains against losses and the Mutuals complete distributing gains (if any). Natural Gas should hold up well if logic will prevail, but who can bet logic will as the baby gets thrown out with the bath water.

Cash is king. What's your take?

Angler