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Strategies & Market Trends : Point and Figure Charting -- Ignore unavailable to you. Want to Upgrade?

To: Judy who wrote (7378)	9/16/1998 4:58:00 PM
From: Jorj X Mckie	Read Replies (2) \| Respond to of 34809

Hi Judy, I sold the RMBS puts last Friday, not a good trade for me. I've been bleeding off my internet puts on each strong downturn since most had Sept expiration dates (YHOO, LCOS and AMZN). My remaining 2 YHOO puts today went OTM, but the overall position was positive. Still have 2 LCOS Sep30p which I will hold as I expect a downturn by friday. AMZN puts are in Oct and still ITM for me. I did buy YHOO Sep95p today, 5 minutes before close. Assuming that we have another drop, I will be selling all of my put positions and will be going bullish after that. Tom