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

To: James F. Hopkins who wrote (19214)	5/27/1998 9:45:00 AM
From: ratan lal	Read Replies (2) \| Respond to of 94695

James Dont feel too bad. I have done it many times. Did it this time too. Been short all along, then I got out yesterday and went long PFE, against my indicators, simply because it had dropped so much. I WILL NEVER LEARN. ratan

To: James F. Hopkins who wrote (19214)	5/27/1998 10:33:00 AM
From: joe smith	Read Replies (1) \| Respond to of 94695

james, its not just you. i have been extremely bearish since january and yet i felt compelled to buy some dell, lltc and cdg long this week. i believe cdg can move up from here but was only buying dell and lltc for a pop and then then to reload the shorts at a higher point rathter than wait and do nothng. next time i am tempted to do that i will cut the grass or something. js

To: James F. Hopkins who wrote (19214)	5/27/1998 12:25:00 PM
From: paulmcg0	Read Replies (1) \| Respond to of 94695

Or, you could be in my situation of not being able to pull off a trading strategy. I have a model I created with Mathcad, for doing the heavy number crunching required for Black-Scholes analysis of options. I fed in a table of data on the NDX (Nasdaq 100), tracking the last years worth of activity, before the market opened yesterday, and compared the results against various options prices. The big players in this market are expecting a sharp correction, because -every- put that has an open position on the NDX is way overpriced per the Black-Scholes equations. Paul M.