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Strategies & Market Trends : Calls and Puts for Income

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To: Gottfried who wrote (4791)	2/23/2011 1:49:39 PM
From: Hepps	Read Replies (1) of 5891

Got called out of my QCOM (30% of it) and some more IWM (R2000) positions last week; looks like the market is coming back to me now. I see no reason why it can't move down a long way from here... housing and unemployment is still in the dumps... QE2 ends in June, the Eurozone is still a losing proposition and the Middle East has a high degree of uncertainty- we don't know where it will end. Markets hate uncertainty, and much of the loose money seems to have gotten back in. Time to take out the weak hands. I'm over 50% cash at this point and looking forward to getting back in. I'm going to sit and watch for the next month to see where the momentum is going. Regardless, we're going to see a retracement sooner or later. Good luck to all Hepps

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