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Strategies & Market Trends : Trader J's Inner Circle -- Ignore unavailable to you. Want to Upgrade?

To: LTK007 who wrote (41713)	3/26/2001 2:38:15 PM
From: HandsOn	Respond to of 56537

Just saw a 100k block buy on WCOM at ask of 17 15/16.

To: LTK007 who wrote (41713)	3/26/2001 6:29:00 PM
From: ajtj99	Respond to of 56537

Max, I thought the SOXX could reach 800, but Zeev seems to think near term the SOXX is tapped out. Maybe we'll see 700 on the SOXX. If that happens, you could buy June 620 puts possibly for around $20. If the SOXX hits 400 by June, you'd have a 10-bagger. If the general Naz is going up on the bounce, the SOXX shouldn't drop too much near term. Probably tread water or jump up a little. Anyway, that's the way I'm looking at things. Disappointed in the QQQ's today, but not much worse than I expected. It appears short term resistance is at 43-1/2 and not 44-1/2. I put in a sell order for $2.40, but I should have made it for $2.00. I just thought this ramp-up this morning would have more legs. Oh well.