ZenWarrior's Trading Paradise Message Board

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Strategies & Market Trends : ZenWarrior's Trading Paradise

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To: p40warhawk who wrote (283)	4/3/2001 5:01:09 AM
From: tanstfl	Read Replies (1) of 2462

Been lurking on the Dr. Bob board for a long time and am enjoying the repartee on this board. With that in mind, couldn't resist parleying the "shorting" parody into the long juxtaposition. A long finds an undervalued stock and holds it until it is overvalued and ready to fall and then sells it to the "greater fool". Actually, I have no preference long or short. I just like to make money. Just not as nimble as you guys so I hold over night. Currently have 30 QQQ 44 puts bought at 5.80; long 1K QQQ's at 43.5; sold 10 QQQ APR 39 Calls for 5.10 and shorted 2K QQQ at 43.1 and covered at 39.9; and short 1K QQQ at 39.1. Bought 1K NTAP at 24, sold 10 Jan 03 20 calls for 11, shorted and covered 1K twice between 18 and 22 for 4K total. Short 50 MFNX APR 12 1/2 puts at 7.25 (Wanted to capture any upside and still get it at 5 1/4). Anyway, I'm not doing as well as the pure daytraders but getting by. I'm sure I had a focus when I started this ... Oh yea, wanted to have fun with the caricatures and then devolved into regurgitating what Flack said about trading where the money is; long or short. Checked out KLAC. My VERY amateur TA is that I would be buying puts if it hits 31. Looks like an attempted breakout stalled just below 48 and then all my indicators went pretty negative. Great boards, by the way, and I bring this up not as criticism but to further the learning discourse. Best, Steve

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