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Pastimes : Ask Mohan about the Market -- Ignore unavailable to you. Want to Upgrade?

To: D & G who wrote (9910)	12/1/1997 8:30:00 PM
From: Jodi Segal-Lankry	Read Replies (1) \| Respond to of 18056

OK Misery - Here comes the company: My S&P December 90 puts are not looking good at all. Jodi

To: D & G who wrote (9910)	12/1/1997 9:54:00 PM
From: Simon	Respond to of 18056

PSFT. yet the market sends it up 4+ points today.>> Did you look at MCAF, up 6 pts. For what. Manipulation??? Did everybody just discover the co? The stock yo-yo's up and down like a pogo stick.

To: D & G who wrote (9910)	12/2/1997 1:35:00 AM
From: Bilow	Respond to of 18056

Hey D&G; Remember: It's only money! And there is a h#$% of a lot more of it around then there ought to be... Which is why US stocks are outa sight. I'm beginning to suspect that the US wreck won't happen until all those dollars come flooding back into the country. Get a little inflation going. Run the price of gold up. See some interest rates rise. But US stocks are at high enough levels that I cannot eliminate the possibility of a crash now. So I'll keep my puts. I did sell all my December stuff a couple weeks ago and moved into January to April expirations. Worst mistake was selling my Warner Lambert puts at a reasonable profit. They were going for $20.50 at close today, I sold em for something like $4 at a slight profit when the first news came out about the effects of that drug of theirs. I figured "sell the news". And TXN wrecked after I took profits in my puts there as well. Maybe I should let all my options run to expiration? I guess I'm not in a glum mood cause it appears that I'll collect about $18K tomorrow morning off of some incentive stock options. My biggest fear is the market zooming leaving my puts worthless while my company stock dives, leaving my employee stock options worthless. I'm relieved. I'm gonna take half the after tax and turn it into puts over the next few months. Also, TLC? I thought the story was great! That is pretty much complete evidence that you ought to be put away. I loved the comment on human nature. I would probably comment on chicken nature (including, perhaps, my favorite disgusting Texan chicken joke), but I don't relish being thrown off SI. Maybe I'll e-mail it to you. Speaking of great fattening food, try the Denali ice cream flavor "Caramel Caribou". -- Carl