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

To: Zeev Hed who wrote (20991)	7/19/2001 11:00:10 PM
From: mishedlo	Read Replies (1) \| Respond to of 30051

Zeev, Let's just say I am open to both extremes. Tomorrow looks like lock limit down (from here). I doubt it does a straight tank. I will close shorts and watch. When the bounce stalls, I may reshort, or sit it out. What I am not doing (except for another Options Anomonous trade ggg) is go long. I have been far too entrenched in ideas for too long. Now that I am right more ofthen than not, my positions are smaller (sigh). Perhaps this is a good thing cause overconfidence can kill. Maybe you have talked me into only selling 1/2 those puts but we will see. M

To: Zeev Hed who wrote (20991)	7/19/2001 11:13:24 PM
From: mishedlo	Read Replies (1) \| Respond to of 30051

Zeev, could they have shorted enough QQQ's at the top today to negate max pain at 43. There was a TON of QQQ's. Of course if there was a ton of QQQ call buying this past week then max pain just may not be what it seems. In this regard (they rally the stocks high enough to closer the latest round of call buying and go short). A somewhat confused mish. M