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


To: Vitas who wrote (20045)6/10/1998 8:00:00 AM
From: Byram  Respond to of 94695
 
Vitas
Upside Kahunas!!!!!!!!!
When I first signed on to SI I was thinking the "frothy market" needed to correct....then, the BK thread seemed to agree with me that the market need to diffuse (drop) ........
For a while I saw "BK" as meaning the big drop......but after watching, lurking, listening, etc...I now take the "BK" as meaning any big move.
Just to relate a small story....
On April 27 I was one of those with that had bought puts the preceeding Wed...... and It was the largest single transaction profit I have had EVER.... The next few days I had puts and calls both ... When I stated here that I held some puts on Wed (29th) when the jobs (?) report came out that got slammed....(I had some awful pretty calls also). some guy sent a private message saying " Hey Dumb@ss, this is a #$*#(@ BULL MARKET - you got what you deserved" I didn't bother to respond but I will say I do beleive that that persons portfolio wasn't as pretty in May as he thought it was going to be....LOL
Good trades today - UP or down
Byram



To: Vitas who wrote (20045)6/10/1998 6:15:00 PM
From: William H Huebl  Respond to of 94695
 
Vitas,

If you read the thread head, it is meant to be any major move, up or down. The name came from the concern about the possibility of a big drop at the time I started the thread.

Some think it is always a big drop we are waiting for but after Oct 27th, I suggested the possibility of a reverse BK!!!

Bill