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

To: Nicole Bourgault who wrote (42637)	4/24/2001 6:17:23 PM
From: ajtj99	Read Replies (2) \| Respond to of 56535

Nicole, you should be able to buy back your options Wednesday for what you sold them for, or possibly a little less. As you can see, the market has no problem going lower this week. Just my opinion. Good luck! If it is not too much trouble, you may want to read my post to furrfu regarding the QQQ's.

To: Nicole Bourgault who wrote (42637)	4/25/2001 6:59:24 PM
From: ajtj99	Read Replies (3) \| Respond to of 56535

Nicole, you should be able to get QQQ May 45's in the morning around $3.00. You could sell them for as much as $5.00 possibly by Monday. GDP numbers are out on Friday, and the market is being set up to drop on that news, IMO. There is serious resistance at 45-1/2 to 46 on the QQQ, and you could see how we bounced today off 43-1/2. I think Friday or Monday we go crashing through 43-1/2 with the GDP numbers (most likely Monday). Next resistance after 43-1/2 is 41-1/2, which would put QQQ 45's at about $5.00, which is a decent profit. After 41-1/2 is resistance at 40, but it may not be worth holding out for that last dollar (although I probably will, I want to sell at $6.00). Good luck!