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Strategies & Market Trends : The Options Box
QQQ 622.72+0.3%Jan 23 4:00 PM EST

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To: Poet who wrote (9615)2/15/2001 6:19:56 PM
From: mishedlo  Read Replies (2) of 10876
 
I certainly am thrilled out my exit.
My re-entry sucked 100%. I simply have no patience.

Was about ready to puke (re-entered CIEN at 88), NETE at 58.
Held my nose and added more NETE PUTs at 60, but scared out of my mind once again. I am EXTREMELY heavy in puts.

Was even earlier on a small positions yesterday.

NEVER AGAIN will I buy puts before a huge runup when stocks are that far below pain.

Lesson learned.
I feel much much better after hours.

The question is, will they try to rally these dogs 1 more time tomorrow before we go to hell in a handbasket next week. Or did they fully get hedged today.

Here's to a grim tomorrow.
Look at NT after hours.
CIEN after hours.

M
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