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

To: MythMan who wrote (15244)1/12/1999 12:49:00 PM
From: Lucretius  Respond to of 86076
 
could be, that's why I ain't firin the final round of puts. If this is the first leg down, there will be a bounce somewhere and I'll put that sucker. No way to call the exact peak of a mania. Just let it happen. Besides, I own plenty of puts as it is.



To: MythMan who wrote (15244)1/12/1999 12:57:00 PM
From: Lucretius  Respond to of 86076
 
of course there is an alternate possibility....

w/ the increased use of derivatives in the 90's, the US mkt could start falling and just keep falling if certain currency and/or foreign mkt derivatives were kicked in on several banks at once which caused FORCED selling. Wouldn't that be a fun to watch. Would be a shocker to everybody... just as a true crash should.

but that'll never happen (G)


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