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To: Thean who wrote (2572)9/4/1998 11:02:00 PM
From: Alias Shrugged  Read Replies (1) | Respond to of 14427
 
Thean

Yes, somebody had a change of mind re: gold and oil. So, what should our approach be? FA is all over the board. Take a small position with a tight stop?

I have taken profits on only a few of my puts. Was pretty surprised by the timing and strength of the 3:40 rally. Even though I own some gold stocks, I am NOT a conspiracy guy at all<G>, But, it sure looked like somebody pulled the market away from the edge just prior to this 3-day weekend. and I think the time was 1:11. hmmmmm

Anyway, I think we have some downside prior to the rally into options expiration.

Mike