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Non-Tech : Invest / LTD -- Ignore unavailable to you. Want to Upgrade?

To: Lucretius who wrote (2618)	9/7/1998 5:11:00 PM
From: Thean	Read Replies (1) \| Respond to of 14427

LT - there is a key difference between the Japan and US situation. Japanese small investors were far and few and the majority of them put their money in the bank earning saving account rate. Here in the US we have the moms and paps watching CNBC and have become very confident as far as weathering the storm is concerned. I think if the US market is made up primarily of fund managers a series of crashes would be automatic. The problem is moms and paps are snatching things up the moment they dip which complicate the ease of a precipitous drop. I think there are plenty of money to be made by recognizing this volatility and prevalence of buy-on-the-dip phenomenon. I presume none of your puts are hedged at this point. A thought - you may want to sell a big gainer or two to pay for the rest of your long term puts. In this case, you can still participate in all future crashes but it is house money now. Why not remove all the initial risk (capital) away when you have a chance? A little too greedy to only go for the kill? Japanese yen rallied big time again yesterday. If you can pick one stock, would you buy ASA or MBK?