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Strategies & Market Trends : The Options Box

QQQ 608.86

+0.1%

Nov 14 4:00 PM EST

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To: Poet who wrote (9853)	3/4/2001 10:40:31 PM
From: mishedlo	Read Replies (1) of 10876

I like long term puts on some of the big boys myself. However they are very protective of stocks that make up the DOW index. GE IBM etc. Look at that mysterious "rally" we had in IBM. The ANGELL BS, etc etc. They are fighting like cats and dogs to prop this up. I do think we MAY get a nice rally soon. 1) We are way oversold 2) Everyone is still desparate to time the bottom 3) A rate cut is coming. 4) We are far below max pain and I think the option pits will force a rally towards those points I am very heavy in cash and trying to stay in less manipualted issues like KSS, although I do have a nice position in IBM. After the next rate cut rally stalls, I will go hugely short again. M

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