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Strategies & Market Trends : Strictly: Drilling II -- Ignore unavailable to you. Want to Upgrade?

To: Frank Pembleton who wrote (17737)	8/23/2002 10:16:03 AM
From: russwinter	Read Replies (1) \| Respond to of 36161

Everybody should engrave that Faber article on their foreheads. Message 17910904 I have a few of those homebuilders earmarked for short sales , and naked call writes, when this rally runs it's course. That might not be too far away: VIX at 31, so-so put call ratios, Rydex Nova/Ursa back up to 51, as the Johnny Come Lately sheep are trying to buy this rally after it gets extended. Sold my NPSP, ICOS, and HGSI yesterday. Trying to write covered calls on the rest. Hanging on to the energies for more. Gold is probably the sleeper here, interest has all but dried up. Trying to get Marketvane numbers of late for Au? BTW, nice ELN trade so far. My doubling down at 2 helped, but you got the full Monty. I think they announce a major sale that will illustrate the value.