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To: The Perfect Hedge who wrote (3198)	9/22/1998 3:38:00 PM
From: waverider	Read Replies (1) \| Respond to of 14427

Beebs...that was yesterday. I bought my NKE puts back this morning after the stock didn't follow through $39 in a convincing way. The longer it stays here, the less chance it has of breaking through. Earnings are out. The lemmings have piled in. The market is going down. Good time to get back into your put/short positions.

To: The Perfect Hedge who wrote (3198)	9/22/1998 6:09:00 PM
From: Lucretius	Respond to of 14427

sorry, have to disagree, the mkt is sucking in the bulls before the bomb. NKE will bomb w/ it. Let me guess, you're thinking.... the broader mkt is turning around a little, Russell is acting good, Nascrap looking better... etc. Lots of calls have been being bought since last Wed. We need bullish optimism like yours before we can have a dump. Everybody has been watching the advance decline line and Russell lately. The surprise this time is that the DOW will lead us down even as the broader mkt doesn't sell off as bad. then before the crash, the broader mkt will dump taking the DOW down even further. Keep an eye on it.