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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?

To: yard_man who wrote (14186)	2/20/1998 1:22:00 PM
From: Mike McFarland	Read Replies (2) \| Respond to of 94695

Thanks for the words of encouragement, I've been ready to pounce on aol puts for a long time...probably wait for a week for some of the premium on the March contracts to erode...of course there will probably be a lot of folks getting in to the puts and shorting it just after the split--it may be wise to wait for one more round of sqeezing, or average in to a position.

To: yard_man who wrote (14186)	2/20/1998 5:50:00 PM
From: James F. Hopkins	Read Replies (2) \| Respond to of 94695

Barry; and all, my list of top running funds. Message 3489078 I closed 3 yesterday that had lost their Warp speed which has to equal 100% pro rated annual gains..for me to stay in, I'll be going into the 3 top runners early this week if they do not pull back or show weakness. These are no-loads..with estimated hold time of 3 weeks, to trade them u need a discount broker who can swing u in and out with no transaction fee. I figured the market for a little pull back today, I was wrong, but the Naz and Sox, and RUT2000 did pull back..in as much as all my funds were small caps I did ok getting out. Money is rotating..one day the SOX is up others down, drillers down today..but not as low as last week, they are still buying dips..and rotating profits from one sector into another, then back again. Money Market funds are loaded..I think after GreenSpammy does his double wammy next week..( no matter what he says ) the market will spike on up..while there will be a big debate about what he really said, ( as always ) & thanks to his forked silver tongue ( people will read him to say what it is they want to hear the most, ) and most people want the market to go up so majority will say that what he said means the market will go up, they will then be convinced ( thinking his words convinced them ) and buy in. Others will see his words as storm clouds and predict a full fledged storm and go short..the majority will win the market will go up, with the shorts helping it as they cover and are stunned by why it's so over priced. ( the demand is why ) valuation got nothing to do with it. Meanwhile I'm hedging my bets with some beat down copper stocks, that pay dividends. Not the almost broke gold stocks. Market looks in good shape untill mid March anyway. Maybe some more Warp Speed after Spammy's Wammy. There is money sitting in the wings looking for an excuse dive into the big pool.. Jim