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Strategies & Market Trends : Zeev's Turnips - No Politics -- Ignore unavailable to you. Want to Upgrade?


To: mishedlo who wrote (6357)11/16/2001 11:12:46 PM
From: Softechie  Read Replies (2) | Respond to of 99280
 
Well remember in the height of 2000, many BB stocks came out and ran up like no tomorrow. It's a sign that large caps are the top and they're running up the tail end. It's looking very suspicious to me.



To: mishedlo who wrote (6357)11/16/2001 11:37:49 PM
From: 4rthofjuly007  Read Replies (2) | Respond to of 99280
 
Do you know anything about Rydex funds?

They have a fund that moves 200% inverse to the NDX. Like most funds you can only buy and sell at the closing price of the day but you get leverage without the "do or die" type risk in options. I bought Dec. 34 QQQ puts at comp 1840 and thes puppies are down 40%. I can certainly stomach the volatility but were getting to the point where I'll want to see signs of a breakdown soon or I'll need to make some kind of decision.

What do you think about Rydex?



To: mishedlo who wrote (6357)11/17/2001 9:52:44 PM
From: ajtj99  Read Replies (1) | Respond to of 99280
 
Mish, I noticed some broken stocks rising quite a bit the past couple of days. This smells of distribution. It was especially alarming in the face of options expiration.

I guess you could also make a case that the rally was broadening, but I recall the same thing in the spring rally, and we all know what happened to that.