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To: marginmike who wrote (41169)6/6/2002 1:18:16 PM
From: JRI  Respond to of 209892
 
i think, though, that pop comes in last hour (if it comes)....I think this 'corrective' move weakens back to lows (at least) until then...am debating playing the coming weakness if we pop a little more here..Think 1:30-3:00 PM will be weak, flat at best.



To: marginmike who wrote (41169)6/6/2002 1:24:54 PM
From: JRI  Read Replies (1) | Respond to of 209892
 
I just entered a 1/4 position (short)...saving 1/4 position for any further surge...I just don't see us going up from here into 3 PM (intel).

If I am lucky/right/profitable...I'll decide later what to do (hold or not?)



To: marginmike who wrote (41169)6/6/2002 1:33:02 PM
From: JRI  Respond to of 209892
 
Got a little more before mini-turn here...so position is 29.11 QQQs cost basis...1/3 position (short)..

Logic is that we will be weaker from now until 3PM, possible down leg (since we've been "correcting" morn down last 2 hrs.)... We;ll see.



To: marginmike who wrote (41169)6/6/2002 1:47:57 PM
From: patron_anejo_por_favor  Read Replies (1) | Respond to of 209892
 
<<Every one I know is short INTC>>

Yeah, but yer in with the in crowd!<G>



To: marginmike who wrote (41169)6/6/2002 1:52:29 PM
From: JRI  Respond to of 209892
 
Covered for dime profit per. Gotta run do insurance biz..drats..

I hope we get your Intel pump. I will want to re-position short at open tamale...Problem is, I reckon any short-covered at EOD will get (partially, fully) erased by a gap down tomorrow, so I won't might not get good prices at open.

My gut tells me Intel pump at EOD will be small, and only after pretty good down. But WTFDIK..