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To: Marty Rubin who wrote (494)	12/25/2000 5:54:10 PM
From: James F. Hopkins	Read Replies (1) \| Respond to of 529

Marty : Re >>it's interesting on how you're testing the 12 most dollar price. i'll try the dollar volume instead, since i believe it may be more accurate when given results (<< It must have been the way I worded it, but Dollar Volume is what I'm looking at, I take 3mo ave vol X price to pick the 12 I put in the paper portfolio, and that equals Dollar volume, I weight it by that volume..but over ride it ( mentally ) when I see one or two trading a lot more than normal volume. -------- I bring up two windows side by side that have them and the collective sum ( & change from my most recent weighting ) I can update either window with reload to get any time gap I want. I use yahoos real time ENC to monitor them. While this is going on I also skip over to another window I keep running to peek at. quote.com it's free and does the NDX in real time. All this while I'm logged into my account with a buy/sell short/cover type order set up at market all ready to go ( with one click on confirm ) as per what I think I'll want to do mean while I'm polling the real time qqq bid/ask data that's on the bottom of my account screen. In short when I'm trading I have at least 4 browsers going at one time for starters, and up to 7..<G> The QQQ does not have a down tick rule, so I don't do this to get around it, but to get short faster and not wait on them to find shares ( approve the order ) I'm at times BOXED long and short, and can sell the long side FAST to get net short..( it's faster than getting a short set up ) so often If I'm tempted to cover I may just buy ( and go boxed ) if I think that I'll soon be going back short. ------------------ If I think I see at least two day run I may buy UOPIX or USPIX , but also use the QQQ in such a way to lock off an interday Nav. Same if I want to exit one of the funds, I use the QQQ to lock off the price. Like If by some chance the QQQ touches 65 tomorrow I'll be hard pressed not to short her 2X as I put a sell on the UOPIX I bought Thursday. Which BTW was up almost 19% Friday..<G> Crap a qqq 65 would give me well over a 40% gain from Thursday <g> As when I ordered UOPIX I also went long the QQQ on margin , things looked good to me at the close so I held my QQQ overnight but sold it Friday ( to come off margin ) which I don't often hold over night. ( I mostly use margin only very short term to switch trades around ) I don't sleep good if I'm on a lot of margin & UOPIX/USPIX lets me leverage without it. But like from Thursday close till Mid day Friday I was 400% long, I'm now just 200% <G> But I will short fast if I see what I call my 12 NDX Mo Mo ( momentum ) stocks under performing the Index. Jim PS Neat of you to see I had AAPL, most stocks like that and anything under $5 go in my IRA.. APPL I did while before the calls fell, and sold covered calls $25s out in 2003 bringing my cost down to just over $10.. --------- I'm also long a few more in the IRA..& have covered calls sold on everything but ATHM ..which I took on at 4-3/8 and I'm trying to make up my mind if to sell it or wait and sell calls on it. Recently I went in Yhoo at 21 (by selling calls at 50.) Jim