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Strategies & Market Trends : Waiting for the big Kahuna

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To: William H Huebl who wrote (66649)10/10/2003 11:32:59 AM
From: James F. Hopkins  Read Replies (1) of 94695
 
Well MAX PAIN says we go down next week.
I just got a boat call out for the week end, but will have to get
stuff ready today..could run into Mon or Tue.
I'm flat for now, but have a low GTC bid on the QQQ at 33.25, I don't
think I'll get it but you never know.
If it triggers then I have a nice lock on a profit, with a put at 35.
---
As far as making any larger bets, with the limits on my
time to watch the market, I go with
vtoreport.com
It don't trade very often, but over time it hit's more than
it losses..
----
Even with taht I only use 1/3rds going long and add
1/3rds if and when it gets lower.
---
Right now it's a sort of muddle thru the middle
thing and nothing to get excited about.
I screwed up dropping half my hedge to soon
yesterday, but tahts history and I'm not
going to open it back up.
----
Market didn't get high enough for me to short
this morn.
So I'm out of here till late today.
I would love to see her get up over 35
( QQQ ) by days end so I could go short
with a lock, but I doubt that happens.
I Got some calls at 35 I sure would love to use
to short aginst.
Jim
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