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Strategies & Market Trends : Playing the QQQQ with Terry and friends.

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To: Walkingshadow who wrote (820)6/13/2005 10:07:37 PM
From: fouquebrune  Read Replies (1) of 4814
 
Thanks Terry and everyone else on this board for the great info.

Yeah, I was looking at FXEN as a very short-term call option trade. If I had had the cojones, I could have gotten some $10 calls for 5 to 10 cents early today, but these would have been Junes with obviously very little time. With your analysis on the S-T resistance, with which I agree, I don't think it makes sense to buy some June calls at this point.

I appreciate yours and everyone's input on the QQQQ's. Listening to you guys has helped me ride out some of the volatility and let the market come to me. Right now I have some June and July puts (in the money), with me wanting to bail on the Junes by Thursday.

Thanks,

Phil
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