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

To: yard_man who wrote (16694)	4/16/1998 5:46:00 PM
From: Mike McFarland	Read Replies (1) \| Respond to of 94695

It is painful to bet bearish with puts and shorts, but it does not hurt too bad to be on the sidelines with a lot of cash. Others can run with the bulls and get gored. Oh they are riding high now, but watch XCIT or AOL pull a Cendant on them, yikes. Now bottom fishers* like me wont be heroes in this market, but I'll still be standing a year or two from now. Well I think I'll be okay--with one risky biotech, one tiny mining company, and a little software company...I suppose there is a chance I'll die too if this market ever crashes. But I'll still have a bunch of cash to try again. No more puts for me (actually I promised I would not try again til August --never say never.). *I say bottom fisher, I try to be a value player, but do not have the training, lots of guesswork in my picks.