Moufassa's Lair Message Board

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Strategies & Market Trends : Moufassa's Lair

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To: moufassa7 who wrote (12643)	4/11/2003 12:15:05 PM
From: James C. Mc Gowan	Read Replies (1) of 13660

Sold all but a few April 27 QQQ puts on dip this AM. Remain hedged btw QQQ common and NDX short funds, as usual. Maybe we get a little O/S bounce Monday, who knows, but this current price on comp/ndx/qqq is very close to MaxPain and really has been for 2 days at about 25.50 or so. Gold flatlining here too, calm before the storm? Mouf, you mentioned rampo last two Mondays: I see one rampo up and one down for past two first of the weeks trading. I see you are still strongly short, I presume this is a play that you will be adjusting/tweaking a bit, but you are looking for a bigger dump, maybe after expiry. Do I read you right? James

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