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Strategies & Market Trends : The Millennium Crash -- Ignore unavailable to you. Want to Upgrade?


To: Rarebird who wrote (1743)12/4/1997 12:22:00 PM
From: tekgk  Read Replies (1) | Respond to of 5676
 
Rarebird,

Welcome back. I started accumulating shorts and puts on the indexes late yesterday and plan to continue to do so over the next month on what appear to be the tops of short term rallies. I will be selling on short term bottoms. I will continue my in and out strategy for the next month or so just like I have been doing since August. After that I am going to load up and move to individual stocks. I still think that is it too dangerous to short junk like AOL etc. I thought that I would be completely short by November but there was still too much strength and I was too chicken to place any significant bets. Good Luck.



To: Rarebird who wrote (1743)12/4/1997 5:46:00 PM
From: Joan Osland Graffius  Read Replies (1) | Respond to of 5676
 
Hi Rarebird, I agree with you that 1998 could be a good year for shorts. This quarter has not been to bad as far as semi's, and some metals like copper and aluminum companies. Paper companies may still have a way to go, south that is. I am trying to get my 1998 act together and am watching the auto sector, it looks like it wants to get ugly. Do you have any ideas what other sectors could be in trouble next year?

Joan