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

To: Lee Lichterman III who wrote (41848)	2/1/2001 8:31:13 AM
From: briskit	Respond to of 42787

Soft Landing? Abandon Hope all ye who enter here...Fed Cuts Rates As 1.4% Rise In GDP All But Ends Hope For 'Soft Landing' investors.com

To: Lee Lichterman III who wrote (41848)	2/2/2001 11:47:01 AM
From: Lee Lichterman III	Read Replies (1) \| Respond to of 42787

Just covered slightly over half my shorts. Will hold other half until I see how this plays out. 63 on the QQQ seemed like a likely bounce point so covered. I am now slightly hedged long versus short. Holding 2 -1 LEAP calls to shorter term puts. With the short term so uncertain, I decided to play a bit more conservative. Many direction timers that have good track records are looking for short term up then another tank in a couple months and since my intra day signals said the low was close for a short term bounce, I decided to minimize my exposure. There is still a good chance IMO for another 50 NDX points down or so but I will use my last bit of shorts to play that possibility. I have to go back to work shortly but thought I would pop my head in and let everyone know I am not as short as I was. Good Luck, Lee