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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 (17785)	5/1/1998 3:54:00 PM
From: Haim R. Branisteanu	Read Replies (2) \| Respond to of 94695

Hi, Bill sold some volatility in stocks two days ago - e.g. sold some puts to open. Closed them all today. Still long a stock who is still underwater(by a 1/2) even that is was steady at the time with DOW -220. We are in the midle of the traditional first of the month rally,but I feel that the market is not the same. Lot's of short covering and sharp rallies in certain stocks and then reversals. The cushion is getting airy by the day now. BWDIK Haim