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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: Mike McFarland who wrote (1054)	4/1/1998 8:57:00 AM
From: Marq Spencer	Read Replies (1) \| Respond to of 1100

Mike, The most money I lost over the past couple of years was in Dow Puts (bought too many of them, and of course against the tide). The second largest hit I've taken is in PSFT puts, which are now a fraction of what I paid for them. In today's market, going against the overall trend seems to be the easiest way to lose money. I think that the market is due for a major correction - have been saying that for a year now :-). It is amazing that with all the reduced earnings, and slowdowns, the PEs are still astronomical. - Brian.