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Politics : Idea Of The Day -- Ignore unavailable to you. Want to Upgrade?

To: Judy who wrote (19127)	8/1/1998 12:13:00 AM
From: Riskmgmt	Respond to of 50167

Hi Judy, Nice to hear from you. No. I have been out of Ascend since it blew past $45 which I thought (mistakenly) was full value. I was toying with the idea of calls today because I think the sell-off was overdone, however, I bought puts on the Dow after the third attempt to go positive failed. I decided not to enter any long positions today, only sold cc and bought puts. As far as the Stratus deal goes so far it appears all rumor but even if true, it seems no reason to sell off like that. Whats your take on the market as a whole? The internals look dreadful and Dorsey and others are urging caution. You still selling puts? regards, Ray Oh-re: do I hold any non-techs-yes PFE.