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

To: gregor who wrote (23626)	8/7/1998 4:30:00 PM
From: yard_man	Respond to of 94695

gregor, I'm in 2 of those traps now. SEA and gold. Don't really feel all that bad about SEA, but gold -- got some juniors that have been really cut to pieces. Hope I'm not an alarmist, but I think the bear may have arrived already. Been buying Oct and January puts. P.S. See PM.

To: gregor who wrote (23626)	8/7/1998 5:12:00 PM
From: Bonnie Bear	Respond to of 94695

the russell has been in a bear market for years. the valuations on the stocks have not this low in twenty-five years. And I LOVE the dividend yields. In the olden days you bought stocks for dividends. The way to play the russell is the way they bought stocks back in the old bear market days: buy a chunk cheap and press "dividend reinvest" button. Let market churn. Accumulate. Or buy a closed-end convertibles fund and reinvest the dividend.