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Pastimes : The Naked Truth - Big Kahuna a Myth -- Ignore unavailable to you. Want to Upgrade?

To: MythMan who wrote (2190)6/12/1998 3:53:00 PM
From: Joseph G.  Read Replies (1) | Respond to of 86076
 
<<'I think the market was down pretty heavily and maybe some program buying came in to turn the market around,'' said Kenneth Ducey, director of trading at BT Brokerage.
''Those who traded short may also have wanted to close their postions for the week, but there was no fundamental news.''>>

Buy program = close puts + buy calls, to a large degree.



To: MythMan who wrote (2190)6/12/1998 3:57:00 PM
From: Defrocked  Respond to of 86076
 
"It's time to buy stocks with dependable earnings" Frank Cappiello.

cbs.marketwatch.com

NOW HE TELLS US! What kind of stocks was he buying before???? This
BTW is the guy who said tech.stks. were a "God-given" buying
opportunity last January.


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