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To: Jurgen Trautmann who wrote (3748)9/1/1998 5:49:00 AM
From: MonsieurGonzo  Read Replies (1) | Respond to of 11051
 
JT; RE:" LKPAH CPQ Jan99 40 CALLs "

Well that was a gutsy move, Jury! With PREMs so high, I would lean towards selling September PUTs, if I had the courage to do anything with options right now, ( which I don't ;-)

Most folks here on SI are expecting some kinda bounce-from-oversold tomorrow.

It's difficult for me to get into this "is it a Bear Market -or- just a correction?" debate, Jury. To me, -25% in 6 weeks is a crash.

Anyway, always looks the darkest before the dawn, right ?

...uh, except for a total eclipse of the Sun (^_^)

-Steve