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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED
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To: Jill who wrote (13923)11/10/2000 4:44:12 PM
From: imdchamps  Read Replies (1) of 65232
 
Hi Jill, re qqq

I got burned last month with my covered calls, Some one,

Rocket man, I think, said and I quote, "Never be short a down market going into expirations". The quote is on my fridge. Got greedy, got caught.

This month going into expiration, I have gone long QQQ

Nov 74's, Nov 75,s , Dec 75,s and Jan 80's. Have been buying down for last 3 days.

I will see if being long a down market close to expirations
does any better.

If not then back to basics.

xxxxx

Don c
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