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Strategies & Market Trends : The Options Box
QQQ 622.72+0.3%Jan 23 4:00 PM EST

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To: Poet who wrote (6599)10/30/2000 1:01:58 PM
From: mtnlady  Read Replies (2) of 10876
 
"We think alike~!"

Scary! I hope your portfolio is doing better than mine then! I'm almost all cash right now outside of a touch of SDLI (dec 300's) and NTAP (march 140's). My primary play is/will be SEBL. Target price to start buying is around 92-94 (unless I change my mind of course! Lol!). My gut tells me that SEBL, if it ever breaks, could well head into the 80's. It's getting it to 'break' that's the key...

Target for the NTAP mid to high 90's. That will be another 'break' as well. These two will be one of the first stocks to head back up (of course you already knew that).

I don't think we will see too much more capitualation today at the close. We've gone down pretty well right now. I think we will see a 'mini' rally. When that rally peters out (tomorrow/wed?) and fails (again) I think we will see the next wave of folks throw in their chips.

Note: Oops! Just looked at the market and it looks like we are already heading back up. I don't expect it to last though. If this rally breaks today we might see more downside before the day is out.
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