Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: pezz who wrote (52088)	8/13/2004 10:39:19 AM
From: TobagoJack	Read Replies (2) of 74559

Hello Pezz, Tonight’s Report: (a) I sold my QQQ 2006 Jan Put strike 37 @ USD 6.2/shr, claiming 29% profit. They were bought here Message 19748281 <<January 29th, 2004>> and here again Message 19849155 <<February 25th, 2004>> (b) I shorted 2 tranches of S&P MidCap Spyder finance.yahoo.com @ USD 100.87/shr. I chose to loot the MDY spyder instead of the DIA Diamonds finance.yahoo.com because it will be tougher for CNBC to spin the record trade deficit and rising oil price as positives, for example … “the record trade deficit will drop the USD which will tend to boost translated the substantial export profit of S&P MidCaps” sounds stupid; and “the rising oil price will benefit the S&P MidCaps as they slap on surcharges to their customers” sounds dumb. Should the market rebound, I am prepared to add substantially more short positions. Chugs, Jay

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