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Politics : Idea Of The Day -- Ignore unavailable to you. Want to Upgrade?

To: Judy who wrote (16716)	1/29/1998 2:20:00 PM
From: Jerry Olson	Read Replies (1) \| Respond to of 50167

Sweets Yeah that seems to be the current look.... I think around pre earnings time warnings will come barreling into the techs and other co's with REAL exposure in ASIA... As I've said you and others Asia is a major problem for the next 2 Q's at least...earnings will be hurt for sure... There is still some bottom fishing going on here....and i think traders/investors will gamble<g>, that if we fall again, they will re-accumulate the second part of their trade... I was thinking about the OEX, as I remember it, the top(recent top)was about 473-474...if we break out then katy bar the door... 8000 only a physco number, should be able to move over this and higher...short term only...fundies are full of cash, shorts in trouble...

To: Judy who wrote (16716)	1/29/1998 2:44:00 PM
From: Barbara Barry	Read Replies (2) \| Respond to of 50167

Judy, I agree with your call and that is what has kept me out of puts so far.People that want to jump into options/puts because the market has gone up so fast need to consider that IF this volatility subsides...it becomes a losing situation.Before I take a position,I try to figure out all the possible scenarios...I am afraid that many on SI have gotten so used the wild swings that they have forgotten about "what happens if the market stays flat?"I hope everyone takes the time to really think about your post.Thanks for laying out a very possible scenario. BTW...I wanted to buy oex 465 puts in the worst way today!I wish I was as disciplined with my workouts!<VBG>This market acts like it is not worried about anything and things are worse than in Oct???For now,I will just continue to use restraint. Regards, Barbara