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

To: Barbara Barry who wrote (20159)	6/12/1998 11:49:00 AM
From: Oeconomicus	Read Replies (1) \| Respond to of 94695

Barb, hold over the weekend? Don't know yet. Hoping to try out the new circuit breakers. Today would be as good a day as any, right? Wish my sale yesterday was at a profit. Actually just a reduced loss. They are still trading this morning below where I sold them yesterday, so I fell OK about selling them. I guess there's not much confidence among out-of-the-money put buyers that we can get through the support. 8755 on the Dow right now. No bounce yet, but probable I guess. Decent chance of a mini-panic if we break through, then I might get in the black on the puts. BTW, I bought them about a month ago as part of a bear spread, but foolishly lifted a leg. Had I not, I would be ahead. Regards, Bob