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Strategies & Market Trends : AL is Not a Human Being

QQQ 626.05

-1.5%

Oct 30 4:00 PM EDT

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To: Steve Lee who started this subject	1/22/2003 4:45:46 AM
From: Steve Lee	Read Replies (2) of 793

Not an Al trade but I just shorted Brent crude at $30.47 Brent crude trades about $2.00 - $2.50 under the price of sweet light crude in NY Jimmy Carter and Chavez seems to have made some headway into an agreement to end the Venezuelan strike but it hasn't impacted crude prices much - yet - probly cos many traders are still asleep. I also just bought a small serving of March Nas futures at 1009.5 to partially hedge the QQQ long that Al got me into. This hedge is probly just for this morning. Al is still short and taking a longer term view. Personally, I am expecting a small bounce today and want to protect profits.

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