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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: Lucretius who wrote (101771)5/12/2001 12:40:45 PM
From: bill meehan  Read Replies (1) of 436258
 
Minimum downside from the here and now SPX 1180; COMP 1980; NDX 1715. Long lots o' puts (sold IBMs yesterday afternoon that I bought before Uncle Lou's spinfest and half the QQQs also.) Don't expect a retest of the lows and I think we'll see the market trade within a relatively wide range until Q4, which should see the year's highs. (1400 SPX; 2900 COMP) Basically, all the year's advance in April and Q4. Should be a decent market for traders until then, but investors should probably just go on vacation multiple times--like someone we know. LOL (Turks & Caicos for a week next month.)
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