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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: The Perfect Hedge who wrote (30565)	8/5/1998 10:08:00 AM
From: Knighty Tin	Read Replies (3) \| Respond to of 132070

Beebs. No, I rarely buy a bounce in what I consider the main thrust of valuation, which is down. I've done it a couple of times, but it is really a bet against all of my work and a bet on the herd to continue to be stupid, so I do it rarely. It is hard to know which puts to buy after a bounce as I don't know which stocks will bounce the highest. We had a bounce this morning but I wasn't quick enough to catch it. The market looks like it is setting up for another trampoline to sucker in more buy on dips dips, so we could see some opportunities a bit later. Unfortunately, the moves have been so quick that the options don't keep pace and are difficult to use to take advantage. MB