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Strategies & Market Trends : Stock Attack -- A Complete Analysis -- Ignore unavailable to you. Want to Upgrade?

To: dennis michael patterson who wrote (29967)	9/15/2000 4:20:58 PM
From: Lee Lichterman III	Read Replies (1) \| Respond to of 42787

Hope you are right. I held my SFA. Amazing action today. I sold Oct 80s against it yesterday and closed them out this morning, then resold 70s this morning and just closed them out. They closed the stock right at the Max Pain. I didn't think they could get it this low and figured they were targeting the 70 area yesterday but they got it down another strike, amazing. I am hoping this is all that was wrong with it. If not, I sell more 70s Monday. I am just slightly below break even already from selling and covering the calls but will keep playing this game to see if I can get my cost even lower. I just don't want to get called out too early. There were some serious games being played at the close to get the numbers just right. Did you see the ramp on the NDX as they rallied MSFT and CSCO. I want a job at the SEC to go after these guys. There is no way this can all be coincidence. Wall Street has to be a land of secret handshakes with money flying under the table at the speed of trade slips in the bond pit. I didn't see the bullish divergences though. What I saw was a lot of ugliness and as I read around SI, there were still a lot of dip buyers. With the way the indexes were falling, I was amazed to see QCOM, AAPL etc catching small buyer bids. Market internals 2 - 1 negative volume and 3 -1 on the NASDAQ with there being almost 1.5 Billion on the decliners. That is 2 days of the rising volume during a typical August rally day. Oil is up 1.7 a barrel too. I guess I will get a better picture when I get the charts fired up tonight. Good Luck, Lee