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To: SJS who wrote (2255)8/28/1998 9:18:00 PM
From: waverider  Respond to of 14427
 
Thanks guys for your responses to my trading yesterday. I appreciate it. I won't go through it again. Looks like it's a good idea just to enjoy the ride.

Thean. I covered that evil tower company at 26 (the support I saw). Repeating my mistake of yesterday thinking CCI would hold at 126. You certainly seem to have an emotional connection to this little puppy, eh? <VBG>
Anyway, not too bad since I used the proceeds to cover my purchase of more CCI puts when the crazy thing was up 1 in the AM. Wasn't quick enough to get the 3+ points. That would have been sweet. HOWEVER, not to be nipped twice I reshorted SCTR at 24 since it broke "support" with a vengeance. So I'm back in the club here it appears. Funny how I got into it...reading all these posts while laughing at everyone here for their bearish stance. I learn quick! Thank God.

Merck certainly looked good as well so I picked up some October puts there. Thanks again Thean.

LT and PK...as gold goes lower and lower I'm going to wait to jump in until there is some kind of end to the blood letting. I accept your hypothesis, however.

Eastman Kodak (EK) hit sub 81 once, then 81 again after a short rally to finally rest at a little above. If the market does another week like this last one, we'll see 73 very quickly. The stock is fairly valued in my estimation at this point, so this a pure chart play. If it doesn't break $80 next week, I'll trade out of it.

Have a great weekend everyone.

<H>