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Strategies & Market Trends : Zeev's Turnips - No Politics

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To: ajtj99 who wrote (25408)1/30/2002 12:22:11 AM
From: The Freep  Read Replies (2) of 99280
 
AJTJ. . . when you say << 490 is a given, IMO>> about the SOXX, what's your timeframe? I ask, cuz in this same message you make a joking reference to SMH puts as "the right thing to do." Now, don't get me wrong. . . I think the semis will decline. However, as you well know, when buying puts, timing is important. A week or two ago when EMLX was declining, you stated that 36 was "a given." I still think you'll see 36. . . but if someone had Jan or even Feb puts based on that idea, they haven't fared well.

I know you're not giving advice, and I like reading your opinions, so this isn't meant in the negative way it probably reads. It's more a cautionary note about puts/calls and the problems when "given" scenarios take longer to play out than we'd like.

the freep
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