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Strategies & Market Trends : Stock Attack II - A Complete Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Chris who wrote (20641)	10/3/2001 1:57:00 PM
From: The Freep	Read Replies (1) \| Respond to of 52237

<<NAPM is a first good sign that economy stabilizing. Need more confirming reports over next few weeks. >> The question (and I have no answer or even guess) really seems to be was the NAPM number a sign that things WERE stabilizing but the WTC disaster might impact that? Or is it a sign that things are not going to be as off kilter afterwards as the biggest downside projections indicate? Or in other words. . . are readings from before 9-11 now questionable (much as reports the time immediately after 9-11 should also be looked at with lots of questions). I betcha that'll be a subject of debate for the next many months. the freep

To: Chris who wrote (20641)	10/3/2001 3:28:43 PM
From: James F. Hopkins	Read Replies (2) \| Respond to of 52237

Well I have been adding a few long positions, but I'm still playing them defensive.. QQQ Spreads where I buy the in the money leap and sell just about at the money, Like I try to get a $10 spread at a $5 cost ( don't always do it but that's the target ) Works best legging in when there is an up momentum day..not good to try on down days. If I get a good spread my break even is always less than the issue is trading for at the time. Other than that I hedge off selling covered calls , and then buy puts when she looks toppy. --------- I'm bidding some CSCO puts GTC, but under the bid , if they will drop them like they should I'll have CSCO locked off. Closing 1/2 of my UOPIX (4.49) today but I will hang onto 1/2 of it. This is so strong today I would be in shock if it didn't pull back some. But mid term this is the Flag that was at half mast going on UP and there isn't a lot of real resistance for while. Small resistance at 1400 on NDX with a good bit at 1600, if we take them out then it's off to the races but I expect we would test that 1600 several times before we could take it out. AS long as it's a broad based rally and other indexes don't get killed by rotation then it's for real. Jim