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

To: Cynic 2005 who wrote (7671)	10/27/1997 11:04:00 AM
From: Mark Nelson	Read Replies (1) \| Respond to of 94695

Rebounds are muted by buyers sidelined 'til ECI numbers. Hold those puts. Onward.... Mark (in Santa Cruz)

To: Cynic 2005 who wrote (7671)	10/27/1997 11:39:00 AM
From: tekgk	Read Replies (3) \| Respond to of 94695

Brazil -7.45% Mexico -6.24% That make close to 20% for Brazil in three days. Money center banks must be getting a little worried. Can you spell taxpayer financed bail out. The Dow just broke another one of my key support level 7556. It should be good for another couple hundred from here. How much longer are you going to ride this one down?

To: Cynic 2005 who wrote (7671)	10/27/1997 12:13:00 PM
From: kas1	Respond to of 94695

mohan, you're only allowed to make one crack per day about my altera investment. it's never quite solidly defined what it means to be a contrarian... it's always an infinite recursion game of one-upmanship, trying to outthink the outthinkers, who are trying to outthink you too. anyway, the time to buy those oex calls today (other than techs) was at dow -180.... :-) swapped some mrk for some more amat this morning. eager to hear what everyone else is doing in these turbulent times.

To: Cynic 2005 who wrote (7671)	10/27/1997 12:35:00 PM
From: IQBAL LATIF	Read Replies (1) \| Respond to of 94695

The basic theory of BK thread flight to quality is in serious trouble- bonds selling off- $ is not weakening and CHF is study- there is no internal or external flight to quality- and marekt is taking out stops- but I tell you look at divergence and basic fundamentals- this is corrections brings market on 98 earnings basis to 20.1 and for me I don't see this as a real threat- I have just covered my puts 940 and have left 870 naked - I see the call premums intact I go short if Isee bonds breaking 117,17 otherwise I am going out to have good time- why are call premiums so huge- why don't bears try to sell some calls and buy some puts? Great bargains- this is no cost insurance- I will do it if $ weakens against CHF or DEM and bonds break 117,17- the party will wait for tomorrow- towards the end I will protecrt again myself -sell some 990's Dec and Buy some 850 puts a bunch of 20.That's how we are playing this correction.