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 : Take the Money and Run -- Ignore unavailable to you. Want to Upgrade?

To: Jorj X Mckie who wrote (9782)	7/21/2002 1:22:58 PM
From: Jorj X Mckie	Read Replies (1) \| Respond to of 17639

How I am going to play this week. I don't think that there is anyone who doesn't expect crash action tomorrow. That tells me that it may not come. At least not right away. If we do not crash tomorrow at the open. I will likely add SPX puts to my already very short portfolio. If we do crash. I expect to start covering in increments when Naz 1200 is reached. I do believe that crash action can happen over a couple of days, but I don't want to get caught in the bounce and throw away a bunch of profits. I do plan on playing the bounce. But only with a small amount of my portfolio. If we do get the capitulation this week. I will stick with about 80% cash and then play Zeev's "Q" on the long side. I plan to get short again when the naz gets to around 1400. I expect that to be toward the end of August AND I plan on adding crash puts along the way.