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

To: vampire who wrote (24735)	8/20/2001 11:24:51 AM
From: Steve Lee	Respond to of 30051

Yes one should wait. I have been poised to close puts around this level but haven't seen the bounce it would be entitled to at the bottom of the channel. I made the decision at Friday's close not to bother, but covered my QQQ shorts just to reduce exposure in case I was wrong and a bounce occurred. Used the pathetic bounce on MU to load up a few more puts (shoulda waited a few more mins as it turns out) and now it is gravitating back towards $36. Gonna take a bit of a risk and go out and enjoy the sunshine for a bit. It says something about MU that I can sleep easily over a weekend with puts.