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

To: OX who wrote (1848)	11/15/2000 8:34:34 PM
From: James F. Hopkins	Read Replies (2) \| Respond to of 2103

I think we are close to the same page, I backed out of UOPIX today ( very nicely if I do say so ).. I shorted the hell out of the QQQ from 1:30 to 3:30, I was scared to hold it over night. Anyway it was just to lock off my UOPIX at the 1:30 price, I got the extra benefit of the late day rally on the UOPIX after I covered the QQQ short. I'm about 50% cash, and have got my cost down on the BHH holders right nicely by selling calls , then later buying puts, then selling the puts and buying the calls back then selling the calls again.. There's not much action to the BHH options but I've hit em at the right time so far. Heck I went in the BHH at 35-1/4 but by playing the calls and puts I've got my cost down to 25..when this market does bottom that basket has a lot of room to run. Also she made her low back in "MAY" and hasn't made a lower one like the NAZ or NDX..so I think she is washed out ( or at least starting from back in May she has better RS to those indexes ) Jim better RS -----------