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To: HEP_Ronin who wrote (15053)11/12/2000 4:34:55 PM
From: ZOOB  Respond to of 65232
 
HEP: Calm down my friend. Market ain't goin down the toilet. If need be, short what you own through mid-week to hedge your short-term losers. Good luck.

ZZZZ



To: HEP_Ronin who wrote (15053)11/12/2000 4:54:35 PM
From: im a survivor  Respond to of 65232
 
<<I'm just wondering if by Monday morning I should be totally out of the market. Don't like to sell when it's down but it could go lower. All it takes is to have no buyers.
>>

I was in a similar position...using a little margin, waiting for a rally to sell....luckily ( well, I guess the jury will be out on this for awhile ), I lost most of my margin by selling stock and buying calls. The calls give me the opportunity to be rewarded should we rise, while eliminating alot of downside...at the same time, eliminating most of my margin as well....calls are march and may and further....hopefully long enough to get past this mess, and all in quality companies that should do well if the naz comes back.

keith