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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 (14063)2/12/1998 7:57:00 PM
From: Don S.Boller  Read Replies (1) | Respond to of 94695
 
Bill: AH.....the JOYS OF BEING SHORT IN A RAGING BULL
MARKET. (I find it tough enough to make money WITH the
trend - much less AGAINST it) BWDIK. Thanks for your
usually sage advice.
Best to you,
Don



To: William H Huebl who wrote (14063)2/12/1998 9:27:00 PM
From: James F. Hopkins  Read Replies (2) | Respond to of 94695
 
HI Bill; Hope I didn't sound like a know it all, in fact the pull
back up was faster and stronger than I counted on..I figured
it for a buying optnty today, but thought I'd have more time.
I am sort of self satisfied as I am mostly long, and no shorts,
so going on up a bit helped my longs. I do have a little powder
left and wanted to see at least one of several I'v been looking
at dip a little..as it was I didn't pull the triger on anything
today..maybe tommorrow I'll get a chance but if none of them dip
I'll just put the metal to the peddel and buy anyway.
Want PLSS @4 got some at 4-1/2 already, will take PCU at 13,
got some at 13-1/2 already. Will Take CYM at 15-7/8 no got
any of that yet. I want some calls on APM but they are a tad
high. Failing the above by noon I'll burn the powder and just go back in OAKSX before she gets above were I came out.
--------------------
As for AOL Barry shouldv'e know better with the split coming,
she will never fall enough now for him to get out of thoes puts
even. Also Seems something else is up with AOL that's not in the
news yet. I traded that slut hard last year, big waste too,
and have told all on that thread what to wait for, but they
are hard headed. By the time she does fall shorts will have
lost more on her than they can make up if she goes to zero.
Make a paper portfolia of YHOO XCIT AOL & DIS, if the others
don't start trending down don't short AOL unless you like losing
money. If he would have bought the calls/ shorted the stock/ and
then sold puts he would be at least making money off the puts.
--------------------
Another thing with being short AOL..if she falls over $10
the lent out shares will be called in, as they can call them
any time they want to, So individual shorters with dreams of
getting rich are woefully unaware of how the game is played,
when lenders of the stock sell, or short aginst the box,
individual shorters will get bought in. There is no obligation
on the part of the leader or your broker to keep you short
on a stock. Borrowed shares can dry up in a heart beat.
Puts can let you ride down , but the premium on AOL puts
has been very high for over 6 months now. Don't be shocked
If AT&T don't offer a deal with AOL, like that the one Sprint
just did with Earthlink. T has to pull a rabbet out of the hat
somehow and though I think it would be a long term loser they don't
see it taht way. At any rate if it happens AOL will go up some
more, at taht point the insiders will sell into the rally.
After the news breaks.
-------------------
Jim