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

To: James F. Hopkins who wrote (27198)	9/10/1998 12:28:00 PM
From: yard_man	Read Replies (1) \| Respond to of 94695

Rolled down a 4-bagger today, too soon probably, but I bought twice as many puts as I sold at the lower strike while making a tidy profit. Put profits and PM gains are starting to eliminate my too early purchase of submerging markets. CMO and other stocks which have toyed with fixed income derivatives are today's junk -- some will be out of business by the end of the year. Look at FP. Mr. Pink was reco'ing shorting it. I almost did, until I saw the short interest -- woweee! -- still the shorts are going to win there I think.