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To: Peter Shaw who wrote (23970)11/12/1997 10:52:00 PM
From: DavidG  Read Replies (1) | Respond to of 53903
 
Peter,

<< Puts made far more money than calls or outright long holdings! >>

I agree with what you say but the one problem with such a long bullish run is that the bears tend to run out of funds such then when their time really comes they are playing for peanuts and are usually playing catchup.

The true bulls tend to get out when the decline gets serious....That is why the dropoff takes only 3months. Remember...it is Bulls as well as Bears doing the selling.

Good Luck Trading

DavidG



To: Peter Shaw who wrote (23970)11/13/1997 5:21:00 AM
From: Skeeter Bug  Respond to of 53903
 
no need to annualize. the nominal profits speak for themselves!

btw, where do you see the floor for mu?

is the market already saying b.s. to the absurd professional estimate of $0.35 for this q?


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