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

To: Zeev Hed who wrote (18027)	6/14/2001 7:01:41 PM
From: Math Junkie	Read Replies (2) \| Respond to of 30051

Oracle CEO Lary Ellison was just on CNBC saying that things are not so bad and that business appears to have stabilized.

To: Zeev Hed who wrote (18027)	6/14/2001 7:06:49 PM
From: ajtj99	Respond to of 30051

You have to admit, 2044 is a bit scary. It's a lot closer to 2000 than 2100. We may only get to just about 2105 tomorrow if that resistance firms up a bit. 2115 seems to be an outside chance, but triple witching does crazy things. I'll take that as an opportunity to get some QQQ July 44 puts. I left a bit of money on the table today when I closed out my 45's when the Nasdaq was at 2167 and the QQQ at 43.35. However, I didn't want to be on the wrong side of the bounce if it came, as I can't watch things too closely. I've learned not to try to squeeze every last cent when I'm staring at over 50% profit on an option.