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Strategies & Market Trends : Pump's daily trading recs, emphasis on short selling

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To: Michail Shadkin who wrote (4318)7/19/2001 11:45:11 PM
From: mishedlo  Read Replies (1) of 6873
 
Michail you are not paying enough attn to max pain.
Sorry for late post (sigh) you must think I am an after hours QB but I assure you I was not happy with my short of BRCM at 42 yesterday or PMCS at the open today, both too early.

I did however have max pain on my side and I held.
Huge call positions on PMCS at 30, BRCM at 40, INTC at 30 and pain on NETA was 12 I believe.

I expected a runup in NETA.
This is all options expiry madness no more no less.
And what a crooked game it is.

Why is MSFT at 70 now (AH) cause that is where pain is.
If you look it up you will see pain listed at 65 for MSFT but if you look further at the open interest you will see that calls at 65 were likely (IMHO) covered on that last dip to 64 and that true pain is 70.

This is so damn crooked I can not stand it.
GENZ pain was 47.5 so I bought cheap puts at the open at 57 for a 4 bagger. SMALL positions.

My huge problem has been over leverage.
I KEEP REREADING YOUR POST ON LEVERAGE.
What is silly is now that my analysis is better I am half scared to death to bet too much on it.

M
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