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Strategies & Market Trends : Bosco & Crossy's stock picks,talk area -- Ignore unavailable to you. Want to Upgrade?

To: Bosco who wrote (2074)	10/27/1997 9:24:00 AM
From: Hans	Respond to of 37387

bosco, holding sounds good. no way would i sell anything else now. and i don't want to buy and see it go down down down. i looked at the dow jones puts, but i see the market going down at open and then up. with opening ask and commission factored in, where it the profit? note that if you had bought index puts over the last weeks/months under the following circumstances, you would be in good shape: 1) dow up 100 points, 2) dow up three days in a row. I find myself to be 100% long and buying on dips, which does not adaquately address the short side of the market. I was short in ZITL (closed too early) and DDIM (shorted too early). patience. hans