I bought 6 Puts (Feb S&P 1350) at the close. ($5,420).

Will I be happy tomorrow?

Will I sleep tonight?

Will I dream well?

Please answer.

-- Joseph Almond (sa2000@webtv.net), February 01, 2000

Answers

LOL Joseph, but alas no crystal ball here! Let us know how ya do:)

-- Hokie (Hokie_@hotmail.com), February 01, 2000.

Kind of self-centered...

-- Imso (lame@prepped.com), February 01, 2000.

Hokie,

I appreciate your post, I really do. But to all the rest of you...please answer my query, with or without a crystal ball. And hurry: it's almost bedtime!

Joseph

-- Joseph Almond (sa2000@webtv.net), February 01, 2000.

If you awaken, then be happy you didn't die in your sleep, which would cause you to miss taking a profit later in the day!

-- dinosaur (dinosaur@williams-net.com), February 01, 2000.

I really think you should lay awake and worry about it, it won't change the outcome of what is to be, but it will make you wish you hadn't of worried needlessly.

-- bardou (bardou@baloneyyy.xcom), February 01, 2000.

The last several interest rate hikes DID NOT affect the stock market at all. What makes you think it will do it now? The recent drop in the market has already taken into consideration the rate increase. The Dow will shoot up tomorrow. That's my prediction. I have Calls riding on Dow Chemical! It went up the last 2 days.

-- freddie (freddie@thefreeloader.com), February 01, 2000.

Go, freddie, go! Ride that bull! Yeeeehaw!

-- dinosaur (dinosaur@williams-net.com), February 01, 2000.

freddie:

Kindly tell me, what is the diameter of your crystal ball?

Thank you.

- Joseph

-- Joseph Almond (sa2000@webtv.net), February 01, 2000.

Tomorrow you should be fine, provided you can make it through the early morning bounce. Don't get nervous on me now.

-- (cashtradr@aol.com), February 01, 2000.

Joseph, looks like freddie uses his brain for a crystal ball. Looks like you don't have a brain! Joseph, you buy call on the dips and buy puts at the tops! DUHHHHHHHH!!!!!!!!!

-- scotty (scottybe@mmeup.com), February 01, 2000.

Money can't buy happiness. You might think that you are happy on Wednesday, but that is all an illusion.

-- Hawk (flyin@high.again), February 01, 2000.

Puts and Calls: Please remind me what these are: Let's see what I know: A CALL OPTION let's you buy at a certain (higher) price. You want the stock (or index) to go up and over the strike price by the deadline date. You don't have to pay for the stock, but you still get the profits if it goes up high enough. You don't own the stock right now. Some other investor has the stock and has to hold onto it till the deadline date.

Now, what I don't understand: the PUT. A PUT OPTION allows you to sell a stock at a certain strike price, even if the market price has gone below the strike price. But who owns the stock right now? Do you own it? Or, do you simply buy the stock on the open market and then sell it. But why would someone sell a PUT OPTION to you? Obviously they want to make money, but how?

OK, thanks for your help with this. - Heckie

-- Heckie (hlujan45@aol.com), February 01, 2000.

Joseph,

My prediction for Wednesday is that the market will open down on the bell and then, Greenspan will raise interest rates 1/4 to 1/2 of a percentage point, at which time the Talking Heads (To Quote Andy) on CNBC will make the Grand Proclamation that the Interest Rate Increase has already been figured into the Market, at which point the Dow, Nasdaq and S&P 500 will take Off and Senselessly rally the rest of the Day!!!

I Wish You The Best Though!

I HOPE I'M WRONG!!!!!!!

Zguy

P.S. I'd Love to Eat Crow on this one and see P/M's go up!!!

-- Zguy (its@bubble.con), February 02, 2000.