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

To: IceShark who wrote (44283)	6/1/1999 1:43:00 PM
From: MythMan	Read Replies (1) \| Respond to of 86076

RMBS puts are pricey.. I noted the 70 bounce as well. OTOH, pos is taking the pipe somewhat today. Would be great to see a close <35.

To: IceShark who wrote (44283)	6/1/1999 3:34:00 PM
From: Earlie	Read Replies (1) \| Respond to of 86076

Ice: As you know, this has been a favourite of ours for a few moons. Nice to see reality emerging. They have been squeezing the shorts for a couple of weeks now, so many of the weaker types will have coughed up their positions. Yes, they will try, but the news is more than seriously negative, and there will be more bad news to follow. I don't really worry too much about the technical side of this one, but I would be surprised if it didn't test the old low in the next few days. This one is a longer term gift to the shorts as the story is now turning bleak. The brighter lights will head for the exits immediately, while the slower types will wait, then wail. There are the quick and there are the dead. Best, Earlie