Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Zeev Hed who wrote (61109)	5/3/2002 11:09:58 AM
From: jjstingray	Read Replies (1) \| Respond to of 99280

Maybe not, but if we do not bounce, my guess is people will be pulling money out by the end of the day. May be a black Friday.

To: Zeev Hed who wrote (61109)	5/3/2002 11:28:22 AM
From: brightness00	Read Replies (1) \| Respond to of 99280

Unless we get a black Monday, I'm not even gonna bother covering. Why bother, we are just gonna lose 20-40 NAZ points a day. I have been shorting since QQQ35 (thanks Mish for your max pain analysis), more shorts every half point down. Wrote some QQQ32 puts when it was near 32, pocketting $1 premium, so I effectively covered some of my shorts at 31; obviously too early. So when it bounced back to near 32, I shorted more to account for the puts that I wrote, more shorts again every half point down. I will most certainly continue this exercise until we get a massive down draft, like a Black Monday. I think the MM's are delta-hedging this month big times. No Black Monday means more aggregate down next week.