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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?

To: bobby beara who wrote (36110)1/6/1999 2:00:00 PM
From: yard_man  Read Replies (1) | Respond to of 94695
 
Yup! No more for me until after we get some of the Jan earnings reports out of the way ... either we are at 10,000 as you say or it will crumble fast enough to make my Aprils pay off.

Good time for investors (are there any of those left at this point?) to start pulling the plug



To: bobby beara who wrote (36110)1/6/1999 4:39:00 PM
From: Haim R. Branisteanu  Read Replies (2) | Respond to of 94695
 
Not so Bobby, I sold some puts with 48% implied volatility on certain stocks.

Most important is the fact that SUNW, IBM and others ended down for the day is not exactly bullish in a market that is up 3%. Now those are no small cap stocks.

I think the smart money is taking profits. Therefore at mid day I shorted the stocks I wrote puts on.

I hope tomorrow will be a flat day or slightly up before going down.

BWDIk
Haim


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