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Strategies & Market Trends : India Coffee House -- Ignore unavailable to you. Want to Upgrade?

To: JPR who wrote (2608)	8/28/1998 1:31:00 AM
From: ratan lal	Read Replies (2) \| Respond to of 12475

I did quite well since I was expecting the market to drop and Russian problems confirmed it. I had bought some OEX puts on Tuesday. Unfortuantely I did not expect the size of the drop and got out after the market was down about 150 points. Looks like the technicals all indicate the market will drop further int he next couple of weeks.

To: JPR who wrote (2608)	8/28/1998 9:22:00 AM
From: Mohan Marette	Read Replies (1) \| Respond to of 12475

Morgan Stanley gives top billing for India 'morning JPR: Here is a bit of interesting news from Econ.Times. Excerpt Morgan Stanley gives India top billing in Asia-Pacific slot Our Mumbai Bureau Aug 27 AUGUST MORGAN Stanley Dean Witter has picked India as the relative outperformer in the Asia-Pacific region. The firm's Hong Kong-based research team said India's fundamentals remain healthier than anywhere else in the region, justifying Morgan Stanley's overweight position in its Asia Pacific model portfolio of 12 per cent versus an MSCI AC Asia Pacific current weighting of 8.9 per cent.... economictimes.com PS: I raised some cash yesterday,any substantial weakness in Dell will prompt to buy a few more shares,ie a drop $5.00 buck or more.Ieven tried to get a few shares during the last 3 min of trading, I got close but my limit order didn't go through. I have also cleaned up my portfolio pretty much recently by selling some of my mutual funds and sold some Yahoo I had,all I have now is DELL and a few mutual funds and cash,I am very pleased indeed.Heck I have even reduced my margin by quite a bit to a more comfortable level.