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


To: William H Huebl who wrote (36484)1/16/1999 12:47:00 PM
From: Haim R. Branisteanu  Read Replies (1) | Respond to of 94695
 
Bill, please be clearer, you mentioned that you anticipate an average 7% gain from the lows, or SPX 1210 which will bring us to SPX 1294 or a double top.

This scenario is fine with me as I am long over the weekend. Yes I am also hedged as I wrote calls on my longs. At 48% volatility it was to tempting not to do so. (Calls are 8% of the stock value)

At SPX 1294 I may go naked on those calls.

BWDIK
Haim