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To: Andeveron who wrote (11086)6/13/1998 11:54:00 AM
From: John O'Neill  Read Replies (1) | Respond to of 27307
 
Andeveron....I covered my short sale at 111 9/16 on Friday.
I'm very wary of the market now, and would probably wait to short YHOO at a higher price, or after a squeeze, than buy it.
I've tried to hedge my long position with LT puts on Coke and P&G and shorting McDonalds.

We may have another rally after Q2 earnings are over...but I'm looking for a pretty good sell off in the DOW stocks sometime soon. Maybe not a dramatic one, but a steady decline towards more reasonable valuations.

Any thoughts ??

JO