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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 671.40

-1.1%

Dec 17 4:00 PM EST

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To: Stephen M. DeMoss who wrote (68487)	2/3/2001 7:36:09 PM
From: marginmike	Read Replies (2) of 99985

If the naz sees close to 2200-2300 ill sell naked puts one year out take 30% premium @ the money. That way Ill get 30% Return and even if Naz drops to 1600-1800 ill be only down a litlle. I will plan to take stock in if It comes my way. I WILL To find stocks with exceptional visability to conduct this strtegy with(Qcom,SUNW,((GSTRF(haha)))etc). If Qcom gets into 60's id sell 2002 70's and probably get 20-25. Worst case I take stock in @ 50-55 1 year from now if market sinks. If qcom downgrade their estimates 35% that would still be 50Xtrailing. Thats the kinda trade I am looking for. If market sinks to lul Premiums will dry up and if stock goes sideways ill still make cash. I am baisicly playing the trading range.

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