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

To: Lazarus_Long who wrote (14658)	3/5/1998 12:10:00 AM
From: Simon	Respond to of 94695

<<So what's a good short tomorrow?>>> U mean, like a "tip". Try Hound Dog in the 4th to win. <GGG>

To: Lazarus_Long who wrote (14658)	3/5/1998 12:31:00 AM
From: Mike McFarland	Read Replies (1) \| Respond to of 94695

regarding what is a good short: (forgive me if this gets posted twice, I'm using IE instead of Netscape tonite and previewing posts doesn't work for some reason). If I "shorted" stocks instead of just dabbling in the puts, I'd short AOL tommorrow. Now I was supposed to be trading on paper, and, incredibly I've watched my paper puts do nothing, even as AOL has been falling this past week (premium is eroding just as fast as the option should be gaining). But if you were able to short anything, wouldn't it have to be the most overvalued big cap popular stock you could think of? For all I know, it is way down in after hours trading already and will come back up later in the session tomorrow, but that's my pick. As it stands I got a handful of MSFT puts early today, and maybe with all the bad press regarding the MSFT monopoly, and maybe with a general dip in the market these will do well. MSFT options have the attraction of not carrying the king of premiums that aol and dell do, because nobody is crazy enough to put msft but I am! (yes I know, I said I'd trade on paper awhile but I cant help but break my own rules...breaking rules one has made for oneself is very bad...it cost me an extra $6k on General Magic today...not selling in one-third increments, oh well cant be too greedy, sigh). And now some irony: Putting MSFT after it was MSFT that pushed up GMGC today, now that is ungrateful! Also, read pcmagazine yesterday, and no mention of gmgc in a text-to-voice article had me despondant on gmgc, I might have sold out today even if there had been no run up, only to miss big gains later. The final word; trading is crazy.