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Non-Tech : QQQ - Nasdaq 100 Trust
QQQ 632.08+0.5%Nov 3 4:00 PM EST

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To: OldAIMGuy who wrote (777)10/4/2002 3:12:33 PM
From: James F. Hopkins   of 840
 
Hi Tom;
I found a new angle on the qqqs..
looking at the in the money options.2005 (leaps)
I bought 15s sold 20s cost $3 for the $5 spread
now if she falls enough I roll the 15s down
ie-buy 10s and sell the 15s I already have..
( spread must be $3 or less )
( the 20s don't ever get bought back )
If she gets low enough I go long the
stock and sell the last calls I bought.
Sooner or later if I keep enough powder dry
I'll find the bottom.
If the trend starts UP with higher lows AND higher
highs I'll then leverage and get some UOPIX.
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