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Strategies & Market Trends : The Options Box -- Ignore unavailable to you. Want to Upgrade?

To: mishedlo who wrote (9718)	2/26/2001 6:17:42 PM
From: hobo	Read Replies (1) \| Respond to of 10876

Sorry to hear about the end of the hot streak... perhaps just taking a breather. My day was an active and god one... Got in and out of QCOM 3 times on the underlying, still holding on to the short calls. Added short calls on BRCD, in & out on EMC short puts and held on to short call on NTAP & short put on ADBE I am beginning to believe there will not be int. rate cut. neither inter-meeting nor at the meeting itself... Today's rally imo did not feel it had strength... If tomorrow we do not "follow through" .... ??? do we sell ? It would be nice.... I am beginning to like ORCLE (more than before). pe is now 20.5 so I may add to my short puts on ORCL seems to be buncing off of 22... Good trading tomorrow...

To: mishedlo who wrote (9718)	2/27/2001 9:58:13 AM
From: Poet	Read Replies (1) \| Respond to of 10876

Mish! I'm baaaaa-aaaack. From last night's Hahn report: The Tuesday morning report on Consumer Confidence, by theConference Board, will move the markets. Perversely, the bulls are hoping for really bad number, in order to force the Federal Reserve into implementing a rescue effort. The bears are hoping for an uptick in consumer confidence to cause the FOMC to pause, which would lead to a stock market capitulation low because an intermeeting rate cut is already factored into the markets. The Consumer Confidence Index is highly correlated with the strength of the economy. The weather in January was better than December, so a confidence number from January may be stronger than expected.