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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED -- Ignore unavailable to you. Want to Upgrade?


To: Percival 917 who wrote (31468)2/20/2001 8:05:39 PM
From: Dutch  Read Replies (1) | Respond to of 65232
 
The trading range is the only way the professionals have made money lately. It has largely been at the expense of the individual investor and the rush to beat their peers out of each rally. Investment managers are paid by beating the average of the particular sector they are invested. Lately the first one out of the rally will have made more money so the game continues. The big question is when to get in. This does not look like a bad entry point for a short term trade. Wednesday should start down(IMO) and stabilize. I do think we head lower overall through May and enjoy a modest rally for the last half, but nothing earth shattering.



To: Percival 917 who wrote (31468)2/20/2001 9:09:33 PM
From: pinhi  Read Replies (1) | Respond to of 65232
 
Hi Joel, I plan to sell covered calls into perpetuity. No need to wait for the market to recover. I'll just use my stocks as vehicles to generate call income. Much less risk now down here.

Pinhi