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Pastimes : Clown-Free Zone... sorry, no clowns allowed

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To: Knighty Tin who wrote (237476)4/24/2003 4:45:42 PM
From: Jeff Jordan  Read Replies (1) of 436258
 
But the justification matrix is working 110% full out we are beating expectations.

.........what's the bottom line? I have been holding AMZN puts also just as an overvalued. Really a token hold. I have no emotional investment, but will not take kindly to a loss on that trade.

I didn't buy the 470c last month not for technical reasons. ( I had 460c earlier) I consciously didn't take the signal(mistake for chartists). Because fundamental reasons as MSFT took some wind from my optimism in Feb. and other reported economic numbers. However, I am still personally trading the 1350 Nasdaq consolidation game in my head. I am obviously trading the OEX that way also. I wanted to do the technically right thing as I am basically a technician. The reality of forward looking fundamentals chilled my enthusiasm.

I really don't think these traders are going to be able to continue playing this game of trying to squeeze ebay amzn and at the same time loot option holders. It may take more than patience to see this unfold.
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