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

To: jjstingray who wrote (7653)	11/23/2001 12:38:54 PM
From: Softechie	Respond to of 99280

EMLX BRCD are trying to be heroes when QLGC is down? Very interesting.

To: jjstingray who wrote (7653)	11/23/2001 12:43:15 PM
From: ajtj99	Respond to of 99280

Yes, I got QQQ Dec. 38 puts at $1.45 at QQQ 39 (nominally NDX 1572). I overpaid a bit, but they were not getting my order filled at the half-way point in the bid-ask (common in options) so I just got in at the ask. I expected a 50% re-trace of the drop today on the NDX, and a possible .618. The COMP got the .618, but the NDX lagged a bit. Right now we're just waiting around seeing if they can get Dow 10,000. If it were not for that, selling would have started about 10-minutes ago, IMO. In edit, it appears they may have given up on the Dow now.