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To: Sonny McWilliams who wrote (12547)10/30/1997 7:38:00 PM
From: dougjn  Read Replies (2) | Respond to of 27012
 
I got out of TBR at 146, avg. price 124. Overall I have good profits this year, but what were huge are now pretty good. Last two weeks have been painful.

Actually considering TBR if it goes any lower. For a quick bounce. It is ridiculous here. It would go up from here (but hardly from 145) if currency revalued 20% in my opinion.

I think tomorrow could be ugly.

Regards, Doug



To: Sonny McWilliams who wrote (12547)10/30/1997 7:44:00 PM
From: dougjn  Read Replies (1) | Respond to of 27012
 
Options from all I know are a very hard way to consistently make money . Of course in 95 and 96 the more leverage thrown at the market the more money you made, it was so staight up above all expectation but that was an anomoly that we won't see again for some time unless this downturn become truly horrible. IMHO.

Regards, Doug


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