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Strategies & Market Trends : Trader J's Inner Circle
NVDA 186.96-3.6%3:59 PM EST

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To: ajtj99 who wrote (45996)8/20/2001 7:58:27 PM
From: LTK007  Read Replies (1) of 56532
 
LOL!<<Well, I got QQQ Aug. 40 calls at $1.00 like I said I would towards the end of last week and promptly sold them for $0.10, booking a negative 0.90 earning. However, after extraordinary events and non-recurring charges (namely, I won't be able to buy Aug 2001 calls anymore) I believe I did book a small pro-forma profit in line with lowered guidance issued earlier in the day (I'll have to check this with PriceWaterhouse-Cooper).>> that's nails that pro forma right atop it's noggin.excellent,aj.
----i am having doubts about a strong bounce off a double bottom.If that re-test comes at the wrong time we could test the 1998 October low--which is 1357,as i remember.
tax loss selling is pretty bureucratically timed,i am doubting funds/institutions would adapt and sell for losses early.
Random thought---Lowes was all bubbly about how rebate money was coming their way,but this just highlights that when people are thinking bad times ahead they pour money into their homes,roughly akin to fortifying homes before a hurricane.Up spinners talk this into showing consumer enthusiasm,but i see it as consumers getting prudent
and once they get the home matters secure they will then get stingy.This would be a logical sequence as i see it.PaxMax
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