VOLTAIRE'S PORCH-MODERATED Message Board

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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED

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To: freeus who wrote (21498)	12/1/2000 5:39:19 PM
From: Jill	Read Replies (1) of 65232

For every wrong option player on any trade there has to be a right option player, so.... It seems no coincidence that INTC and MSFT held up (or were held up) when the rest of the techs were crashing, and showed such weakness when the rest rebounded today. Institutions do their thing. I may be out of my mind but after my various pukes in the last few weeks (LOL), I bought some spring INTC calls when IT puked at the close of day today. I was still too nervous in the a.m. to participate in the rally, about 9:00 I looked at JDSU premarket and thought of buying 1,000 shares and daytrade them. I felt pretty certain it would rally at least a few points. Needless to say it did. I think the FED is getting scared of this weakness and we'l see some gentle talk etc. So if we keep having crapout days or fading rallies we ought to position for a brief run after FOMC and new Prez whoever he is. I do agree any softening of bias or possible rate cuts next year won't stanch some of the damage underway, but at least it will change the psychology.

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