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To: Robert F. Newton who wrote (11502)2/6/1998 10:04:00 PM
From: Jeffrey S. Mitchell  Read Replies (2) | Respond to of 17305
 
I kept hitting "refresh" until I saw 11,499 and then I posted a quick message. Response on SI is immediate with a cable modem so I could click it non-stop. I could have tried a machine gun post strategy, but I wanted to test my "one-bullet" in the chamber skills.

- Jeff

P.S. AOL?! Get a real service provider!



To: Robert F. Newton who wrote (11502)2/10/1998 10:23:00 AM
From: Patrick Slevin  Read Replies (1) | Respond to of 17305
 
AOL

Because in his opinion the options are cheap, or at least they were yesterday. Today I have not looked.

McMillan suggests that whether you think it's going to the moon or a roaring short a straddle purchase is the way to go.

He suggests the April 110 straddle which was $18 as of yesterday's close.
~~~~~~~~~~~
And, just in case I have to actually state the obvious, yes I shorted the market right after the open.