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Strategies & Market Trends : The Options Box

QQQ 611.67

-1.9%

Nov 6 4:00 PM EST

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To: John Pitera who wrote (10581)	4/23/2001 12:26:07 PM
From: t2	Read Replies (1) of 10876

Argentina may be the biggest reason for today's declines. It made the buyers a bit cautious and of course the sellers anxious to take some profits. Up until now it was ignored as a real issue, but I believe the selling on this news maybe just a one day or at most a one week factor. I hope that the market reverses by late day. Have to admit that "hope trading" is not the best way to play the market. Still feel some confidence that the Latin America issues will be non-events very shortly and we are just seeing a very short issue at work. In another words, a buying opportunity.

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