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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: hobo who wrote (10604)	4/23/2001 10:57:50 PM
From: t2	Read Replies (1) of 10876

I am playing it "relatively" safe. Intently observing with interest ALL the different theories, "waves", and whatever other attempts to guess this beast. Meanwhile today, I sold some puts (May 60's What are the "waves". I just starting hearing about this. I got bearish on tech today but then looked at my own feelings as a bit of a contrarian indicator. Should term may be tough in techs. I did make the mistake of not adding stock positions in APA and WGR to balance out my speculating on tech. Barrett getting an extension on the Shell offer. biz.yahoo.com I don't know what happens if they don't find an alternative buyer and the deal is not accepted; do others like WGR gain or drop along with BRR. Going to keep an eye on this. Might be a bad week in tech...looking to speculate late week on calls if the market sells off depending upon the extent of the drop, if any. A rally in techs tomorrow and I might change my mind quickly.

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