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

To: Barbara Barry who wrote (16452)	4/15/1998 1:54:00 AM
From: Nero	Read Replies (3) \| Respond to of 94695

Barbara, Hey, I'm not counting on the April's -- it's just too late to cash them out -- I'd rather flush the money and have the three day play than sell for pennies. I never claimed to be a pro :) But the exciting thing is that the rules have changed -- as of today. When the bear rears his ugly head and fear infiltrates The Street, there's no longer any brake on the train (please excuse this particularly inelegant mixed metaphor). We're now in a whole new era of uncharted volatility and deep out of the money options will offer untold rewards until the Big Kahuna inspires some hasty congressional hearing to re-institute the old rules. In the meantime, I don't see how the markets will avoid a 30% drop of tsunami proportions within the next 12 months. Opportunity knocks. nero