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Strategies & Market Trends : The Millennium Crash -- Ignore unavailable to you. Want to Upgrade?

To: Cage Rattler who wrote (3949)	2/18/1999 7:30:00 AM
From: donald sew	Read Replies (2) \| Respond to of 5676

Theodore, >>>>> With that said, how will/can you position yourself in the market? <<<<<< I have already liquidate most of my IRA positions, and hedged those still open by selling CALLS against them. Those which I sold calls on were for tomorrows expiration, so I may just close them totally, which will put me 100% cash in my IRA. I will now trade in my IRA account and keep my position short only looking for very conservative bounces to the upside, around 5%-10% on individual stocks. Lately I have been playing $50 stocks so I would only look for $2.50-5.00 bounces and get out quickly. Just being nimble. As for my trading account I mainly play options and will just play the short-term trends both up and down. Im not recommending that everyone do what I did, since my goals may be different. If there is a bear market, I do not think it will be fast like 1987, but it will be quite slow producing LOWER HIGHS and LOWER LOWs. seeya