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Pastimes : The Naked Truth - Big Kahuna a Myth -- Ignore unavailable to you. Want to Upgrade?

To: MythMan who wrote (8589)	10/14/1998 12:50:00 PM
From: John Dally	Read Replies (1) \| Respond to of 86076

FWIW, my read of the VIX is that just like in Oct/Nov and then in Dec/Jan, investors got the crap (i.e. shares) scared out of them in the Aug/Oct mini crashes. tscn.com All loose shares have been shaken out of the apprehensive investors. My guess is that whether it makes fundamental sense or not, the market will move higher over the next couple of weeks just like it did in the past. So, I'm holding off reloading on puts . . .

To: MythMan who wrote (8589)	10/14/1998 1:04:00 PM
From: Tommaso	Respond to of 86076

Well, my latest thing is to stay heavily into Prudent Bear, but I took some money out and I have some more to put in, so a move up would let me get some more BEARX cheaper. According to the Fosback newsletter, Prudent Bear was up over 60% in the three months ended last week. Its moves are not strictly correlated to the NASDAQ but tend to average out about double either way, so I am going to fool around a little with short term trading. I just learned I can put in an order at Quick and Reilly up to a few minutes before closing and have it executed at the day's closing price--and as I have posted before, this only costs $25 no matter what size trade it is.