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To: ViperChick Secret Agent 006.9 who wrote (32358)1/7/1998 7:46:00 AM
From: donald sew  Respond to of 58727
 
Lisa,

Per my earlier notes, I still feel that the downside for the dip that started yesterday will be limited, and suspecting that the low for today will be the bottom. My downside support line for this dip is 7800, but that is not to say that it will get there - that I can't tell.

Right now the S&P Futures is up 1, so at least it is a better start.
Hong Kong was down about 6%, but JAPAN and KOREA were up slightly. Overall the Asian markets were on the mixed side, and the way the futures and since the European markets are mainly positive now, believe the Asian markets should not have that much of an impact on today's trading.

Seeya later Voodoo Queen



To: ViperChick Secret Agent 006.9 who wrote (32358)1/7/1998 9:37:00 AM
From: Barbara Barry  Read Replies (1) | Respond to of 58727
 
Lisa,
Don't feel bad...I got out of the calls Fri @ 9 1/2. Then after the rally Mon and big drop,I thought I was "smart" to buy back in....DUMB,DUMB,DUMB!!!Now they have to move back to 8 for any profit.I do not add option positions to average down. But I am "maybe" considering it today if we really have a huge swing down today and the indicators try and support a brief rally.I have been "lucky" enough in the past to get back to even or limit losses to 1/8 or so.To bad time is our enemy at the moment. Oh well, we can make up losses if they occur on the put side,IMHO.Give you Voodoo your best shot,PLEASE!
Glad your back with us.
Good luck,
Barbara