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

To: StockOperator who wrote (5407)	4/10/2001 12:22:00 AM
From: Eurobum1	Respond to of 52237

SO...All I'm waiting for is not the tech stocks to make a comeback... Since last month, my pot of gold is not the stocks but the volatilities of the Spooh. I started very slowly in Feb to collect few puts of the SPX. Bought very cheap and sold too early. But once all the negativities were building up so fast, I bought the same puts again at much higher price but they did give me a big reward. This month I do expect the same craziness. I'm patiently waiting for the Spooh to hit around the range of 1184-1216. As soon as it turns around, I will collect few SP1150 puts. Again, just like last month, I will collect 3 puts then wait for the down trend to confirm to add another 2 puts the next day. Once my puts start to generate money (usually during the same day if the market reacts violently) I will have enough guts to add my 3rd lot (3 or 5 puts of SP1125) and that's it. I'll dump everything 2 or 3 days before the option expiration day. No warning or downgrade to watch. On the top of that, you will have those talking heads on CNBC work freely for you every hour. This month I'm planning to hedge few call to anticipate a midnite Angel rate cut from AG & Co.