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

To: William H Huebl who wrote (15484)	4/3/1998 10:48:00 AM
From: Mike McFarland	Read Replies (2) \| Respond to of 94695

I have given up on my puts-- here are the details which I posted on the 1000k/week thread. I've not read the BK thread for the last fifty posts, so sorry to just barge in a post, but maybe I am a contrary indicator, so watch out! Trades 'n stuff: When you're wrong, get out, I took a 50% loss in the dow and Dell puts, on the other hand I did a quick daytrade yesterday and made 800 so that's okay. Loss was in a taxable account, gain in an IRA :-) so that is good. Sold 5 DJVPL (Dow April 90 puts) for 1 1/16 loss about $600 including the commissions, Sold 2 DLQPM at 1 1/16 (Dell Computer April 65 puts), loss about $200. The Excite puts are on their way to expiring worthless, so that will be a los off about $700. Total loss in puts $1500. Fed did not raise rates like I had guessed. Unemployment up .1, I'd thot down .2 percent and payrolls down instead of way up, how did that happen. What's more, how could I have guessed and guessed so badly--all I expected is that payrolls would continue to do what they've been doing. Plus unemployment around here is way way down--20 year lows or something like that in my area, and just getting tighter. Anyway, like I said, time to close the positions and concentrate on the longs til dow 10000. Jobs report: biz.yahoo.com