VOLTAIRE'S PORCH-MODERATED Message Board

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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED

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To: im a survivor who wrote (10024)	10/26/2000 5:44:03 PM
From: RocketMan	Read Replies (1) of 65232

Today was a wild ride. I got taken out of all my tight stops early in the day, not that I cared. I would rather be stopped out at a 5% loss than ride a stock down 20%, which is where they took a lot of them today. This was sheer manipulation, with everyone shorting on the way down. When the Naz came close to its retest lows, around 3050, and it hung there for a while, I smelled a short covering rally in the making. Loaded up on Nov QQQ 80 calls at around 2 bucks, they closed at over 4, so I doubled my money on those. I also got QQQ common, again with a tight stop. If a rally continues tomorrow, I will ride it for another couple of hundred points, close everything out, and either short the QQQs down again or just sit it out for a while. RM@becomingthetraderineverwantedtobebutthismarketgivesnochoice.com

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