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To: Ian Davidson who wrote (19389)10/28/1997 12:35:00 AM
From: Markus  Read Replies (1) | Respond to of 176387
 
Hello Ian,

Yes, It can happen tomorrow. For sure the market will open lower tomorrow. But any time after 8:00 AM PST the market can make a major U-Turn. that is why I do not intend to sell my shares whatever happens, and just sit tight and let the Far East Tsunami Past me by.

Of course depending on your portfolio position (in the profit or in the losing side). people must consider to buy slightly out of the money put tomorrow morning at the open, and wait and see until next week before closing the put position one way or the other.

What do you think about the circuit breaker. I think its a good Idea. Without it the average small potato like me will come home and watch TV with the DOW already Down 1500 points. But with the circuit breaker (trading halt) at 550 points. I still have the chance tomorrow to protect or enchance my position. I see some people on this thread resent the circuit breaker. They say it disrupt the free flow of the market. But for me it sure give me a little bit of level playing field (a chance to run to the exit door at the same time with the big boys and girls).

Wish you luck, and may God help us all tomorrow.
Bye.