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

To: William H Huebl who wrote (11909)	12/19/1997 3:34:00 PM
From: Barbara Barry	Read Replies (1) \| Respond to of 94695

Bill, I never leave the computer but my 85 year old Aunt is visiting for Christmas. She wanted to walk around the park!She won't act her age! That's what I get for being a wonderful neice.It's hard to Keep Up with her..much less this market!Dare I try a couple of calls today? hmmm? Thanks, Barbara

To: William H Huebl who wrote (11909)	12/19/1997 4:02:00 PM
From: bearshark	Read Replies (3) \| Respond to of 94695

Hi Bill: I do not know what your read of Barron's will tell you but I had an opportunity to watch the averages today. From what I saw, it looks like a good deal of selling pressure was let out today. The DJI held nicely at just above 7550. Maybe, just maybe, we can get a pleasant little rally into the new year.

To: William H Huebl who wrote (11909)	12/19/1997 7:27:00 PM
From: Haim R. Branisteanu	Read Replies (1) \| Respond to of 94695

Hi Bill, well they just dont want you to get rich easy <gggg>, anyway after some gut-wrenching my strategy worked this time (I think it all relates to my prayers lately <ggg>) Sold to open puts last Friday and Thursday, waiting for a pop, hedged them just in case, Sold to open calls during midweek, also hedged them an pronto by 4PM today they expirte worthless, execpt of a partial set of puts so I am long 300 shares, which I anticipate to hold several days. All in all I traded around 14 or 16 batches of option contracts of several stocks and striking prices. For sure I have been able to do better, but it is my impresion that it is easier to trade the stocks itself than the derivatives. Next option expiration week will try it again. If not for the rebound of today I would ended with all the calls going to NILL and about half to 3/4 of the value of the puts, but still ahead. As to the market I see a protracted bear market with many "bear traps" as those we saw in December. Haim

To: William H Huebl who wrote (11909)	12/19/1997 10:35:00 PM
From: D & G	Read Replies (3) \| Respond to of 94695

Bill, so tough to scalp a trade in this kind of market. I was looking at AOLLQ's @ 3/16 and OEXLK's @ 3/16 when the market was @ -145. I chose the OEX and watched the market tank further. When the DOW came back to down 65, I tried to sell CA puts I owned but the system couldn't find my split adjusted puts, broker put me on hold and the OEXLK's where trading @ 3/8 bid. By the time my broker came back the DOW had retraced back to down 120 and the OEX was back to 3/16. Oh well.......lost commision on the day. DJF