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To: wily who wrote (39484)	10/1/1998 1:00:00 AM
From: Trey McAtee	Respond to of 53903

wily-- if things get ugly, really ugly, just sell what you can, hold the rest and buy puts. its all you will be able to do. good luck to all, trey

To: wily who wrote (39484)	10/1/1998 1:11:00 AM
From: Sun Tzu	Respond to of 53903

Honestly I have no idea how it will unravel and which stocks will be affected. Belive it or not, about 17 months ago I told my friends that the market will start it's decent in March 98 and it will get very bloody. I was off by 18 days (the real market dive started on late March, you just didn't see it in SP500 till the summer). My advice to everyone has been to get rid of margin and to try to raise cash. If you are a super trader and can turn on a dime, then perhaps you can make some money here. But the kinds of volatility that we may experience will make it hard for people on both sides of the trade to make money. My mantera is "losing money, paper or otherwise, is bad". One advantage that individual traders have over institutions is that we don't have to be trading every day. we can afford to take our time until we see what we like. Anyways, I'm writing one of my long articles in Tom Clancy style <g> on how it might unravel. The Globex session so far looks ok. So we may not have a sell off and it would not surprise me if the Japanese government came to the rescue in the last minute. best of luck, Sun Tzu