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

To: Mike McFarland who wrote (14204)	2/20/1998 1:49:00 PM
From: James F. Hopkins	Read Replies (1) \| Respond to of 94695

Mike; Put AOL, ELNK, MSPG, XCIT , YHOO, and DIS..in a paper portfolio..only play puts when you see the average of that grope fall rather strong. But leaving one "UP" then do puts on the one hanging..don't get hung up in one over the others, let the market tell you. If a sector gets hit, in time water finds it's own level.. when the hard drive sector got hit, they didn't all fall at the same time..but the late ones fell just as much. When they started up the ones who fell the most made the biggest gains.( percentage wise ) Was the same in software. It's a sector thing..if they all fall at the same time just pick the one that has the cheapest "premium" on it's puts. Playing options that the herd plays is seldom a winning strategy. While I do belive the trend is your friend, you don't need to be first, but you do got to catch it and exit before the herd does. Jim PS don't get hung up with a ( it owes me ) attitude..I made that mistake at the dog tracks, the stock or dog don't know anything about what it owes you. <G>