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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?

To: William H Huebl who wrote (6997)	10/23/1997 6:43:00 PM
From: Ibexx	Read Replies (1) \| Respond to of 94695

Bill- the Monday morning quarterback, Re.The xcell formulae I use to input IBEXX probabilities plus my Barron's daily prediction gave a -212 sell-off this am! Incredible! Maybe that baby is workin' now!!! How come if you didn't share this info beforehand?<g> Ibexx

To: William H Huebl who wrote (6997)	10/23/1997 9:25:00 PM
From: Richard J. Byrd	Respond to of 94695

Bill: Yeaah, I know, my conservatism in not keeping my OEX puts overnight from Wed to Thurs cost me a bundle. I always try to analyze my thinking when I do such moves that in hindsight seem so stupid, but I can't say my logic was wrong in this case. Remember both you and I predicted an up-day for Thursday. Boy, were we both wrong. Where did that chinese freight train come from! I made an interesting move today. DuPont announced great earnings and a rosy future yesterday. In any other market, DD would have added 4 or 5 points today. Actually it did start on the upside but then sagged downward. About noon, with the DJI off 200 points, I bought Nov 60 calls on DuPont for 1 5/8. They closed at 2, a 50% rise in value. Not bad for a crappy day on the market. Obvouusly, I don't think this is THE BIG KAHUNA quite yet, but merely a buying opportunity. IT will come though, so keep your powder dry. Dick