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To: TREND1 who wrote (22896)10/24/1997 8:07:00 PM
From: Mintu Pal  Respond to of 53903
 
Larry please tell your HAL not to break 28 before it goes little over 33 I will sell all CALLs and promise to buy 100 PUTs (may be not all of November).

My regular account is not in bad shape but my IRA got big hit even with "0" MU.

I was BULL most (90%) of the times before it went >49, then I closed all my positions on MU. Since that time I am a Bearish trader, I mean to say that I buy more number of PUTs, compared to number of CALLs. Very seldom I trade combination for insurance purpose. Today is the first time this year I have traded CALLs to lower the average cost and now hoping that atleast MU crosses 33 before expiration. Hope it does not break 28 before that.

No question DavidG is a trader, we communicate our views through email and respect his opinion.

I hope market recovers on Monday.

Today SUNW showed real strength.

Thanks,

Mintu.



To: TREND1 who wrote (22896)10/24/1997 9:13:00 PM
From: Kerry Phineas  Read Replies (1) | Respond to of 53903
 
Larry, I'm making an amazingly bold comment, and calling "no dead cat bounce"... yet. Could be wrong, of course, but when has that ever happened before. -g- I'm betting on 25 or lower before a real dead cat bounce, which may take a few more weeks. Of course you might have a different definition of dcb.



To: TREND1 who wrote (22896)10/24/1997 9:14:00 PM
From: mu_basher  Read Replies (1) | Respond to of 53903
 
and thus my question which i posed to skeeter.
If 28 is taken out, would that be agood time
to close 35 puts, wait and pick up again at
33-35, or just ride it all the way to Nov
or Jan???
Greg