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Strategies & Market Trends : Roger's 1998 Short Picks -- Ignore unavailable to you. Want to Upgrade?

To: hal jordan who wrote (7246)	4/17/1998 1:56:00 PM
From: Mama Bear	Read Replies (1) \| Respond to of 18691

Of course you know the most successful analyst on Wall Street the last few years is a parrot that just says "Buy the dips, buy the dips, raaawk". Barb

To: hal jordan who wrote (7246)	4/17/1998 2:26:00 PM
From: Bald Man from Mars	Read Replies (1) \| Respond to of 18691

<<Barb, My biggest mistake yesterday seems to have been buying puts 20 points below current highs, rather than at the money. What a run it would have been today. I'm hoping this portends a complete collapse next week.>> But hindsight is 20/20, at the money puts cost you an arm and a leg, with the mania this market is going through, it could easily go up 20 points before it turns around. So, even though at this time, you do not reap as much profit as at the money puts, but I think it is a more prudent move. Hope next week will bring you more rewards.