Trader J's Inner Circle Message Board

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Strategies & Market Trends : Trader J's Inner Circle

NVDA 187.45

+3.4%

10:34 AM EST

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To: LTK007 who wrote (45214)	7/26/2001 11:26:04 PM
From: ajtj99	Read Replies (2) of 56535

Max, that 41.10 is a little suspect on the QQQ's. The last trade was at 4:15PM, and it may have been an adjustment fill between houses or something. If you look at the chart, it doesn't seem to indicate it closed that low: finance.yahoo.com It appears the 4:00PM close was around 41.60 or a bit more by looking at the chart. If I was curious enough, I'd check historical prints around that time, but it all changes in a few hours anyway. I think you'll do good with equities if you buy bottom. If we get a second dip in October you're down at most 15%, and that would be wiped out in a couple of days on a bounce. Your bonds did great. Last year our bonds we were in for our employee profit sharing returned 10%. I stayed away this year, since they seemed to peak in our funds in November. You can't go wrong if you're buying 12-15% above the October '98 low around 1400, IMO. I agree it appears there was some short covering before the GDP numbers, and some momo players may have stepped in also. I didn't see this short covering coming, or I'd have closed puts today to re-position. No big deal. We're going down tomorrow after it's all played out, IMO.

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