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To: Jon Khymn who wrote (64)4/23/2001 8:44:30 AM
From: the-phoenix  Read Replies (1) | Respond to of 795
 
"Any thought on where Q will be in 3 months?"

Not really, but I expect a bottom retest or higher low to be put in by late May, then perhaps a "summer rally" that could take out the highs of where ever the current move stalls. So by mid-late July, perhaps mid-50s. That is the bullish case. Bearish view - unthinkable where we might be.

TTYL, (btw, what is it?)

Talk To You Later

Phoenix



To: Jon Khymn who wrote (64)4/23/2001 1:50:36 PM
From: Jon Khymn  Read Replies (1) | Respond to of 795
 
>>I would short/put at near 49 and cover at 45 <<

Covering short-term shorts and selling puts here in mid 45s.

I have no idea where it will lead next in short term.
50/50 isn't good enough % to bet on...

At least I think Q will move either up or down rather than go side way.
Then I wonder if it is worth to buy both call and put ...

Right now, May50 call 1.6, May41 put 1.5, if one of these double, the other will still have value & that will be the profit.