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

To: mishedlo who wrote (61753)	5/4/2002 12:55:27 PM
From: jjstingray	Read Replies (1) \| Respond to of 99280

Hey buddy, how are you playing the game this month. As I have said before, you and I are in alignment as far as the market tanking here instead of in June. I think we pause Monday and Tuesday and selloff after the Fed meeting. Heavy down pressure through the rest of the week and then a bounce going into expiration. All of the call buyers have lowered the bar so much that we really do not need that much of a killer rally as in months before. People keep buying calls waiting for the rally to come that just is not there. Anyway, I have been playing Qcom May 25 puts on and off with some very good success. I am hoping to jump back in on them come Monday. I think there is big premium erosion over the weekend come the last couple of weekends before expiration. Anyway, hope things are good. By the way, there is a guy I listen to in San Diego, he has been a money manager for 45 years. He has called all of the bottoms very well. He says that he is getting closer to a buy in this market.