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Strategies & Market Trends : Want to make $1000 a week trading.....I'm going to try!!! -- Ignore unavailable to you. Want to Upgrade?

To: Marq Spencer who wrote (1004)	3/13/1998 10:24:00 AM
From: Mike McFarland	Respond to of 1100

The tide is high, and going slack, I may still be early with the small put bet, but it is very close to the time to pounce on a significant bet that the market will turn down, the run up which started in January should give some back soon, within the next week would be nice--I'd like to salvage the puts I have before rotating into some April contracts. I should add that the options are in a taxable account, so if I lose, well it's subsidised gamling. My gains this year are in a sheltered account--not a bad way to play. If I ever rake it in on the puts of course I'll be generous and share a cut with Uncle Sam:-)