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Strategies & Market Trends : Roger's 1998 Short Picks -- Ignore unavailable to you. Want to Upgrade?

To: Oeconomicus who wrote (10232)	6/18/1998 12:11:00 AM
From: Joey Two-Cents	Respond to of 18691

R.D., It would appear from the big % move the Fed bought the Yen from FX dealers not from BOJ. Or maybe the BOJ sold some treasuries and let WJC take the credit. Either way how this changes the economies of Asia is beyond me. The only thing that was profitable for Japan was its exports and now thats being squashed by bolstering the Yen. I've got puts on EK 55's Oct 98, ENMD 17 1/2's Nov 98, CNC 25's Jan 99, GM 70's Dec 98, BT and CMB 85's 1/00. My 401K is all in a Co. RE fund (up 10% through May for the year and can be switched in a day) and my wife's 401K is in a Vanaguard Money Market account. I'm positioned for a crash of epic proportions but will probably be posting about Dow 15,000 in the year 2000. What the heck it's only money. One last word AMZN. If AMZN goes up 25% to $ 100 the market capitilization will be more than Barnes and Nobles and Borders and Books combined. Insane in the membrane.