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Pastimes : All Clowns Must Be Destroyed -- Ignore unavailable to you. Want to Upgrade?


To: hdl who wrote (35322)5/24/2000 10:48:00 PM
From: Alias Shrugged  Read Replies (1) | Respond to of 42523
 
>>>what does this volatility mean?>>>

It means half the funking country is sitting in front of a monitor trying to time their entry into CSCO, QCOM and JDSU.

The Trader-Nation Rules!!!!

I expect NDX to continue moving up for a while. We may not see low 70s on QQQ until July or August. Monday and today I bought QQQ calls (Sept 100, June 90). I hope NDX climbs high enough so I leg into some spread or sell the calls outright.

Climatic selling?? No, but did we really expect to see a good looking bottom? Lots of QQQ puts have been traded this week; I see that as a sign we will close no where near this area for June expiration. Rallies may be shitty, keeping everyone guessing, as the frickin thing grinds higher. I hope I can sit still and not trade as QQQ trades into high 80s. then I will reload puts and set up spreads on all rallies.

My sole focus in my trading account is trying to leg into bull and bear credit spreads using QQQ. I would love for QQQ to head to 95 then right back down to 70.

P.S. i am hoping to get the "Incoherent Post of the Month" Award!! -gg-