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Strategies & Market Trends : Stock Attack II - A Complete Analysis

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To: Chris who wrote (20641)10/3/2001 3:28:43 PM
From: James F. Hopkins  Read Replies (2) of 52237
 
Well I have been adding a few long positions,
but I'm still playing them defensive..
QQQ Spreads where I buy the in the money leap
and sell just about at the money,
Like I try to get a $10 spread at a $5 cost
( don't always do it but that's the target )
Works best legging in when there is an up
momentum day..not good to try on down days.
If I get a good spread my break even is
always less than the issue is trading for at the
time. Other than that I hedge off selling covered
calls , and then buy puts when she looks toppy.
---------
I'm bidding some CSCO puts GTC, but under
the bid , if they will drop them like they
should I'll have CSCO locked off.
Closing 1/2 of my UOPIX (4.49) today but I will hang
onto 1/2 of it.
This is so strong today I would be in shock
if it didn't pull back some.
But mid term this is the Flag that was
at half mast going on UP and there isn't a
lot of real resistance for while.
Small resistance at 1400 on NDX with a good
bit at 1600, if we take them out then it's
off to the races but I expect we would test
that 1600 several times before we could
take it out.
AS long as it's a broad based rally and
other indexes don't get killed by rotation
then it's for real.
Jim
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