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

To: William H Huebl who wrote (20512)	6/16/1998 9:59:00 PM
From: joe smith	Read Replies (2) \| Respond to of 94695

william, i picked up some nas 100 calls after 10 and got ten points or 100% out of them. i am very reluctant to go long individual stocks even for day trades so i stick to index options when i feel safe that there are enough indications that we are going up for a bit. im finding my returns are much better now that i dont try to pick a bottom. rather i wait for it then let it go up some and then get on board. we should have follow thru tomorrow, but i closed them out just in case we gap down at the open. if up, then we are that much closer to switch over to puts. if down at the open i may buy some calls depending on big of a dip. now my shorts that i kept open didn't fare too well today. looks like they were up an average of 2.5 bucks today. js