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To: drsvelte who wrote (5056)11/4/1998 10:43:00 AM
From: Dragon 1  Respond to of 14427
 
Dr, here is my FIVE to you!

Especially at a moment like this, one tiny piece of straw can break the back of that damn camel. I bet all the knowing traders will have exited their longs by the end of the day if not already. As a matter of fact, DOW and Nasd especially are at a more vulnerable stage now than ever and the market is searching for the slightest excuse for a big selloff. The odds are it may even happen at the end of day today.

I agree with LT that the only sector to long now may be gold but not Japan yet. And possibly nibbling at the smaller oilpatch since the odds of some eventful events in the ME are growing day by day.

JMHO



To: drsvelte who wrote (5056)11/4/1998 10:53:00 AM
From: Lucretius  Respond to of 14427
 
they can speculate higher, If you want to play the downside, I'd add blocks of puts on the way up (shorting could get you into trouble)



To: drsvelte who wrote (5056)11/4/1998 1:32:00 PM
From: 007  Read Replies (2) | Respond to of 14427
 
Doc, I'm with ya. Shorted LCOS at 44. May be out today - may hold.
Love that gold!



To: drsvelte who wrote (5056)11/4/1998 6:05:00 PM
From: drsvelte  Read Replies (2) | Respond to of 14427
 
Anybody still short AFS?

Associates First Capital Corp. (AFS) 70 5/8 +2 7/8: Prudential Securities initiates coverage of diversified consumer and commercial finance company with "strong buy".....