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Strategies & Market Trends : Steve's Channelling Thread -- Ignore unavailable to you. Want to Upgrade?

To: ajtj99 who wrote (17570)	6/11/2001 9:42:26 PM
From: Zeev Hed	Read Replies (1) \| Respond to of 30051

With Max pain on the June puts at $46, and the QQQ reaching $46 today, you had no business "being greedy" and wait for the last ounce of profits, you should have covered around 11:30 expecting the lunch rally. I realize it did not develop as expected (petering out at around 2:00 and going down till just before the close), but you do not have much time left, and the market is looking for excuses to lock in few more J6P at higher prices (like another mark up in the morning by manipulating the futures?), and will scare you out of your profits. Just my opinion, of course, not playing with options myself, I am not sure what weight this unsolicited advice carries (g). Zeev