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Strategies & Market Trends : Tech Stock Options -- Ignore unavailable to you. Want to Upgrade?

To: Patrick Slevin who wrote (35181)	2/19/1998 12:08:00 AM
From: j g cordes	Read Replies (2) \| Respond to of 58727

I'm sorry Patrick, did you say the same thing previously? You know, I'm wondering what's going on with the market. I'd like to blame it on Monica Lewinsky... the Lewinsky rally theory. The scandal has so mesmerized the nation each day, that the market has simply gone up. Its la la land.. nobody's minding the store. Think about how odd the national scene is today... a special prosecutor is chasing the President, room to room, just as fast as the President is chasing others room to room. We'll probalby see the Iraqi bombing as a scheduled listing in the TV Guide at the end of next week. Asia got so hot that it boiled itself into a financial mess that's working its way here with real consequences while the market climbs straight up in a month that's usually a poor performer. The only course of action for me on options is very short trades for small amounts of return... the safer direction seems to be puts on the DJ like you say, or on very extended stocks. A bigger test of these new highs is in the making.. we need IMO a 250 point decline at minimum, lets get see it coming and be ready. Have a good night.. good luck tomorrow. Jim