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To: yard_man who wrote (141582)	1/3/2002 10:08:40 PM
From: sun-tzu	Read Replies (4) \| Respond to of 436258

but to go long hoping to capture the last 5 - 10%? -- that I don't understand tip, the naz was up over 3% today and the sox 8%. i exited RFMD with a 10% gain and left TQNT with over 20% profit on the trade. now that style may not be for you, but to say you don't understand isn't justified. i'd rather book 10-20% of profits and reasses than hold a short through that move. if you want me to call a 'daq target of 2500-3000 you can forget it. by the same token, i am not calling a top either.

To: yard_man who wrote (141582)	1/3/2002 10:09:57 PM
From: Win-Lose-Draw	Respond to of 436258

I have some Mar QQQ puts. I'll give the position maybe three weeks to go green (~QQQ < 39), if it doesn't, or if QQQ goes 42+, I will pull the plug and take deeper OTM puts for later in the year. To paraphrase a board-mate, I have already "mentally capitulated" on this position. Today I also picked up Jun/Jul puts on NVDA and TXN and I have no worries at all about those positions. If SOX is green tomorrow I may grab some puts on that, too.