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To: donald sew who wrote (53661)9/23/1998 3:48:00 PM
From: Linda Kaplan  Read Replies (1) | Respond to of 58727
 
Thanks, Don. Dow up 243 now. I hope that means we'll have a very strong down tomorrow. :-)

Linda



To: donald sew who wrote (53661)9/23/1998 3:53:00 PM
From: Trey McAtee  Read Replies (1) | Respond to of 58727
 
donald--

oh, god its making me sick to watch that man. whatever happened to irrational exuberance<G>.

then insane-a keeps up his little running commentary.

just have to wonder how much we are going to move up before the fall. also have to wonder what the real effects of a rate cut are going to be. i dont think they are going to be economic. rates are low enough. i am thinking along the lines of late 20s style speculation. we have blown through the resistance lines. are you thiking of any specific # at which to purchase puts?

good luck to all,
trey




To: donald sew who wrote (53661)9/23/1998 4:13:00 PM
From: Jay Scott  Read Replies (2) | Respond to of 58727
 
Don, now that we've had the day we were looking for, I think your scenario for a pullback is right on track. My P&F charts won't be updated for another hour or so, but I can see the Dow working back under 7900 over the next few sessions. What are you looking at for a downside target?

Covered my calls late this afternoon. If I don't see any change overnight, tomorrow looks like OEX put options again. Anybody?

JS