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Strategies & Market Trends : The New Bull Market. -- Ignore unavailable to you. Want to Upgrade?

To: Chip McVickar who wrote (872)	6/26/2002 5:10:59 PM
From: GROUND ZERO™	Read Replies (1) \| Respond to of 1750

Excellent entry once again, Chip!!! I think the best might be 1030-1040 or thereabouts... I'm short my six with an average price of 997, but I'm now long three Sept 1000 calls and three Sept 950 calls, so I'm averaged in for six Sept calls at 975... so, with a short average of 997 and long at 975.00, I'm locking in 22 points on six contracts, that's the absolute worst that I can do... if the contract is below 975.00 into Labor day, then I'll make lots more on the trade... if we get up into that 1030 and 1040 level, I'll be looking to short more or maybe just close out some of the calls, we'll see..... all in all, it looks like we all had some fund today.....<g> GZ