PK> beats me! I only had a 10% hedge from QQQ 66~67...
...and bought-to-close my short CALLs cover at downside target QQQ 60~63 area.
fwiw, my sto indicator has been "rolling around in the dirt" ( as you would say :) ever since.
QQQ ~58.8 was trigger to convert $$$ from short calls just cashed in to shares, buy 200s; so, now have 1700s QQQ @ 58.8 PAR thus.
at that ( ~58.8 ) level, I'm still OK; under that ~ where we are now ~ I'm under water (^_^)
according to textbook, I'm supposed to dip into cash reserves, buy another 100s QQQ @ ~55.55 and another hundred at ~52.60 etc.
-Steve
P.S. dunno what was more disappointing to folks around the Bay Area this last week, Paul ~ CSCO hammering home the message that, "yes Virginia, we're just beginning a 2-year recession" or, the fact that everybody finally got their utility bills in the mail !
kee-rist ! ...'lectricity was only a buck a day but, that gas (heating) bill is about $10 bucks a day :-( We got "FOR RENT" signs popping up all over The City and SillyValley this week-end, Dudes. |
