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

To: William H Huebl who wrote (25886)	8/31/1998 5:46:00 PM
From: RangeRover	Read Replies (2) \| Respond to of 94695

Bill, I was in the party......Thanks to BB, bought some puts on CSCO this morning when market was unchanged.....Sold them at close for a triple......Just looking for more opportunities thats all....Chris

To: William H Huebl who wrote (25886)	8/31/1998 6:30:00 PM
From: Philipp	Read Replies (2) \| Respond to of 94695

I think that tomorrow will be "bloody Tuesday" and it may be very bloody. But I believe that it is important not to be too greedy. Any rebound could be very dramatic. I just don't see it happen tomorrow: no potentially positive external factors on the horizon (a lot of negative ones, even though they are no longer important). And for the market to do it on its own, we need to see some real panic selling (only started at the end of the day). I will put in limit orders on all my put position at fairly "ambitious" prices, but not at the most greedy levels. In fact, I will stagger them, just in case that I won't be able to contact my broker (like last October). I also don't think that tomorrow will be a good day for daytrading. TA and Ewaves don't provide much guidance in a crash and you may not be able to trade when you want. Good trading to all or perhaps it is better to wish good luck now. Phil