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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?


To: scotty who wrote (11534)12/14/1997 9:50:00 AM
From: Jerry Miller  Read Replies (1) | Respond to of 94695
 
Hi Scotty,

an interesting point you raise about puts in the transportation
sector. elaborate please.

thanks,

Jerry



To: scotty who wrote (11534)12/14/1997 1:09:00 PM
From: Joan Osland Graffius  Respond to of 94695
 
scotty, >>looking at transports to put now

What areas of this sector do you think are going to be in trouble? I am short FDX, and watching the autos like a hawk. GM looks like it is broken. Another tick down and it should be ready to snap the coil. IMO, GM just had a nice short covering rally. Today I am going to look at C again to see if it is broke. F has been a safety haven for currency and I do not think this can continue, but I will wait until the stock is broke before I short it.<ggg>

Joan