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Strategies & Market Trends : P&S and STO Death Blow's

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To: farkarooski who wrote (15493)11/18/2002 12:43:32 PM
From: Jeffrey S. Lillie  Read Replies (1) of 30712
 
yes they are. I had a fabulous entry into it two wed ago at 66.96. went to 79.69 in three days 19%. I almost closed it out to take the profit, but felt the high was in and bounce would be on order of 4% in index/8% in fund so didn't bother. All was still in line with my thinking until last thursdays gap fest. That bogus gap changed EVERYTHING. Meant DA BOYZ weren't done yet. So after being way up i am now in the hole with you. I do think we will be ok after a few weeks.
that said i look for a down close on ndx today to get out around breakeven to repostiion Fri/mon at higher ndx prices/lower RYVNX prices.
jeff
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