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Strategies & Market Trends : Jim's Nasdaq100 Special as a basket. -- Ignore unavailable to you. Want to Upgrade?

To: Magnatizer who wrote (1804)	10/1/2000 9:41:10 PM
From: James F. Hopkins	Read Replies (2) \| Respond to of 2103

Well Lets say I first go short 200, sometimes it can take several minutes to get the shares ( and on some occasions there are none to get ) at any rate say I got em, then the QQQ looks like it's going to stop dropping, and I want to go flat even though I think there is more down side, so I just buy 200 at market but not to cover. Now I'm boxed and flat ..if she starts up strong I may buy another 200..so I'm net 200 long.. When she tops I can sell 400 at market and be back 200 short in a heart beat but this time I did not have to wait for to see if they had the shares. ----------- I expect most of the volume of the QQQ is in short selling and covering & used as a hedged by a lot of mutual funds It's like in down markets I like to just stay short, but go flat or long on rallies with a market buy. ------------- However right now I'm not short..Or long..just waiting. I've been mostly out of the market for the last month ( at least not trading a lot ).. In fact my trading slowed up and I went mostly cash back in March. I'm just now beginning to want to get back in. Jim