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Strategies & Market Trends : Three Amigos Stock Thread
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To: Ditchdigger who wrote (24383)3/30/2001 10:15:50 AM
From: JoeinIowa  Read Replies (1) of 29382
 
DD,

I bought QQQ puts yesterday. There just is no buyers coming in so volume is light and stocks are headed down. MU is getting mauled this morning like it probably should. Did you see all the warnings today? There will be more next week. The key is who and how bad. I'm amazed at some of the levels of layoffs. When 20-30% of a work force is layed off it also has the effect on the remaining ones. Productivity can also take a hit. Plus it costs a ton to layoff and then rehire. All drags on the economy.

Joe

PS Plus once the NAS starts to roll under again there are no buyers(except shorts covering) to pull it out of its tailspin. My friend the MAG man says NAS 100 of 1492 is a likely target.
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