Jst bought 7 more 1350 Feb S&P Puts. They are already in heavy profits. Watch ou for the market meltdown today and Friday...it'll get real ugly.

-- Joseph Almond (sa2000@webtv.net), February 03, 2000

Answers

Only to rebound next monday ?

-- kevin (innxxs@yahoo.com), February 03, 2000.

You keep mentioning the various investments you're making. But you don't tell us how you are doing or have done on previous positions. Have you closed ANY of them?

-- Guy Daley (guydaley@bwn.net), February 03, 2000.

Blah blah blah......... And gold's suppose to be a gigillion dollars an ounce by now.......

-- Tuan Cu Mhara (Stryder@aol.com), February 03, 2000.

You may be a little optimistic calling for a "Meltdown", IMHO.

-- Tony D. (tonydcco@yahoo.com), February 03, 2000.

I'm a day trader. My average buy is $6,000. I hold anywhere from 15 minutes to 5 days. I define a meltdown as 20 points on the S&P, which nets me around $800. A good day is two or three round turns. Today, I have done two. I see at least one more. We're leaving for Las Vegas tomorrow morning. (12 days.) Yes, I will trade daily while there. It helps to pay for my craps plays...

-- Joseph Almond (sa2000@webtv.net), February 03, 2000.

Joseph,

Do you only trade the indices? Do you trade on "technicals" or intuition (ie. X% above or below MA, etc.). How long have you been a "Day Trader"? Sounds like you have something figured out. BTW, I think I know what's in your desk...mine too.

-- Larry (Rampon@Dallas.net), February 03, 2000.

Joseph:

A "meltdown" is 20 points on the S&P? You've got to be joking! We've had plus 20 point down moves on the S&P FIVE times since January 1. Peddle this type of rubbish in one of your daytrader chat rooms.

-- Jim Cooke (jjcooke@yahoo.com), February 03, 2000.

Joseph you just got hosed.

For a glance at the S&P action today see:

http://www.intelligentspeculator.com/chat/commentary

-- Early Riser (internet@bubble.com), February 03, 2000.

Early Riser,
Thank you for the URL, registered for free membership!
Here is the Link for those who don't "cut and paste".
BTW: I just watch. It's like an Indy car race to me, a crash is gonna happen, just don't know when. (I don't want a crash to happen, I enjoy watching the competition and driving skills.)

-- Possible Impact (posim@hotmail.com), February 03, 2000.

As I suspected after your last couple posts, you're a gambling addict. Do us a favor, when you go bezerk, please don't shoot anyone.

-- Hawk (flyin@high.again), February 03, 2000.