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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 (12106)	12/22/1997 1:08:00 PM
From: James F. Hopkins	Read Replies (1) \| Respond to of 94695

Hi again Bill; Well we opened up, but are slowly giving it back..and at this time there is slight down pressure..looks kinda flat..and hard to call short term. As over priced as things are I still see some up side into mid Jan at least. Some days it don't pay to play as it's to close to call..same thing at the race track..people who have to bet every race become victumes. At the track I may can call half the races if I call all of them, but also lose the other half..however if I just call say 3 or 4 out of the 12 on the sheet I do a lot better with my win percentage. With the market like it is right now commisions can take away my edge..so I'l likrey just make small bets in some no load funds, with no transaction fees..except for one or two I'm watching that are attractive..for longer term and often have cheap options look at AR calls for about July 22.5 I do need a proram that lets me scan individul stocks better than the way I'm doing now. While I can picture the overall market that don't always help me on individual issues..so playing a bastet such as SPY is my safest bet, but yoiu don't make much with her if the market is flat..you have to have strong indicators for her to pay time you pay the commision..and mine are cheap.. but still eat away at me. My option commisins are not so cheap though. Jim