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Technology Stocks : Simclar Inc - SIMC

SIMC 0.0001000

-50.0%

Mar 7 3:00 PM EST

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To: Tom Caruthers who wrote (29)	11/21/2007 8:36:57 PM
From: Norrin Radd	Read Replies (1) of 44

A lot of names look juicy BUT their charts have not shown bottoms AND the market has not shown us a bottom. The NASDAQ is only off about 10% but over time it has been common for it to correct by around 20%. I don't follow it but there was a DOW theory sell signal today. I think waiting is prudent perhaps with a hedge with the QID (NASDAQ QQQ double short ETF)... but it may be way too late for that.... Obviously if the NASDAQ was going to correct by 20% it would be nice to double short it. Could also do kind of a straddle strategy with both the QLD (NASDAQ double long QQQ ETF) and the QID. I like the ETFs rather than index options because there is no time penalty to hold them as long as you want. I think a lot depends on Fed policy going forward, the market semms to be discounting a recession. quotes.freerealtime.com{A7562248-7392-4891-8FDE-79619507C729}

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