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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank -- Ignore unavailable to you. Want to Upgrade?

To: davep who wrote (13553)	8/28/1998 8:54:00 PM
From: Jenna	Respond to of 120523

davep, I agree. Buying puts will be the thing to do.. Just as every whisper of problems brings the market down, in this new situation the reverse is also true. This is a swing traders dream! Everyone is expecting a rally on Monday and the manipulators will give them that rally, then turn around and short everything all over again. This was a real learning experience for me.. Last time things turned down for me it was October 28, 1997, this time I was prepared. It was like throwing the baby into water and making him learn to swim or drown. I much rather have learned in a more 'regulated' and kinder way, but I learned so much these few weeks. I can now equally well go long, go short but puts, etc. Readers of this thread will remember how hesitant I was about buying puts a few months ago! When this seesaw is over it will be time to really consider going long for the short term (2-4 weeks). I really prefer holding a nice stock for 1-2 weeks but, alas, it is not to be just yet!