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Strategies & Market Trends : A.I.M Users Group Bulletin Board

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To: LemonHead who wrote (13768)11/29/2000 11:07:24 PM
From: James F. Hopkins  Read Replies (1) of 18931
 
I've been trying to play the UOPIX, but with the down
trend I've grown cautious .. I parlay my bet using
the QQQ, ( like try to get 2x QQQ on the LOW of the
day then leg that amount into the UOPIX ) then coming
out I short the QQQ to tie off a Price I'm happy with.
When things work well I always close my QQQ side at or
before the end of the day depending on the trend.
But as things are now I'm only buying if the VIX
screams UP above 35..( was using 32 but just changed
that ) .
In the event I get the QQQ wrong I can let it fall
if need be and still go into the UOPIX as it just
gives me the UOPIX shares cheaper.
---------
Of the computer stocks I like CPQ the most.
I was playing the BHH ( B2B holders ) but wiggled out
of them and wont try em again until we stop making
new lows. B2B has a lot of upside but won't likely be the
first out of the gate.

After the 98 blow down I didn't pick the ( first out
of the gate ) I waited for the rally to get going and
then got a basket of late starters who had plenty of
room to run ( most of em were down 70%+ ) and when they
kicked in they ran even faster percentage wise
than the early runners did.
Trying to pick which ones will lead us up is to much
guess work.
But I wont think we have a firm bottom until there
is no such thing as "defensive" stocks.
Message 14911353
Jim
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