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To: Thean who wrote (4103)10/12/1998 5:37:00 PM
From: Broken_Clock  Respond to of 14427
 
Thean...if you are looking to refi your house, jump on it next time FED cuts 1/4(soon). That might be your last shot at these rates. Try Countrywide or GE Capital. They have 800 numbers and you will save on points by going direct.

I bought some more NEM today(March calls were cheap today). XAU bounced off strong support at 72 and closed above the 200 day MA.

ASA leaps look very undervalued...the 30s & 40s especially.



To: Thean who wrote (4103)10/12/1998 11:45:00 PM
From: Lucretius  Respond to of 14427
 
thean: you're right about this rally breaking most shorts' backs... this as it should be before a crash, you cannot have the buying pressure of shorts. Addtionally, by definition, a crash does not occur w/ a large short position. If I wouldn't have loaded the boat w/ puts back in the 3rd week of July and never let go of them, I might cave too. It would be tough to short as the mkt grinds higher and looks to overwhelm you. I PROMISE you though.... we are going down.


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