Evening Big Guy! Well, are you ready for tomorrow? Ought to be interesting.
I'm ready. Bring it on. Our Naz baby gets really clobbered tomorrow and I'll consider adding a little more to the QQQ leap position, depending of course on how it looks. Don't mind adding a bit here and there to that one.
EXTR and BEAS taking it on the chin makes me want to look harder at them now.
Hey, maybe I ought to predict the Naz ends green for the day.
Expiration week..... hum. Folks scratch their heads wondering about the impact of options expiration. Toss a coin but sometimes I've seen some crazy things happen as positions unwind, especially in the last 30 minutes.
1850, 1950, who knows. Again, toss the coin. Doesn't matter necessarily if you are trading . Just play the swings. Heck, use the "RR Fingers" formula. Up 3, down 2; down 2, up 3; up 4, down 3; down 3, up 4; etc. Funny how often that's worked.
LTBH? Continue the dollar cost averaging and go back to sleep.
I am more inclined now to think it will be a continuation of a range bound Naz, maybe until the 4th quarter.
The JDSU comments about Q1/2002 bothered me. That's what I was concerned about, guidance. We may see the bad news shift more into 2002 on the timeline.
Just a few thoughts for the evening.
RR |
