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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?


To: bonnuss_in_austin who wrote (79039)6/20/2001 12:04:04 AM
From: bonnuss_in_austin  Respond to of 99985
 
What the 'atch' happened to FCEL today?

Check this out ... I really like this 'In-Play' feature on Yahoo -- news at a glance, like ...

finance.yahoo.com

I'm thinking there's some sort of connection ( -g- ... conspiracy? ) with the Enron and FCEL little buncha dealie stuff goin' on. Bush administration involved as well? Karl Rove (love it that he spells his name with a 'K' ... you know, his little 'brush' with impropriety of owning INTC ... I also heard he owned/owns ? ENE. $100K ENE. That was before his $100K INTC became 'public knowledge.' Anybody know anything about his or other key Bush family/cabinet member ENE connections? In the respect of ... well, you know ... those connected making 'oodles' of additional wealth, etc, etc ...

Yada, yada, yada ...

Just curious what others think,

bia



To: bonnuss_in_austin who wrote (79039)6/20/2001 12:31:53 AM
From: mishedlo  Read Replies (2) | Respond to of 99985
 
I have to laugh that we are both doing the same thing.
Heavy in cash but after taking a beating on too many other peoples play I am playing QQQ's myself. Puts are cheaper so you can go further out.

I expect a bounce off 1850 but I will not go long on it.
I am in a 1/2 boatload of SEPT QQQ's various strikes (but still very very heavy in cash).

I believe we are destined to retest that April low, after an end of month tape painting rally from about 1850 to 2000 or 2100 or so.

I will not go long at 1850 but I will get out of the way.
If we further drop I will wait for 1600-1700 or so as a possible long entry point (holding my nose).
If this plays out as expected I will wait for 2050 or there abouts and go nuclear short on QQQ's + the biggest garbage I can find. We will have that retest and I intend to catch at least 1/2 of it. If we get a nice bounce at 1850, I may catch 120% of it.

That is my strategy at this point.

M