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To: L. Adam Latham who wrote (168844)7/29/2002 5:15:51 PM
From: kapkan4u  Respond to of 186894
 
<some bad calls (see above)>

I haven't had any short positions since the rally from the DOW 7700 started. This is a typical bear market rally, almost 1000 points in two sessions. I want to pick the right time to short, since my tolerance for paper losses is very low. Right now I am looking to get back in the 30-year T-bond. It is starting to look attractive again. I can post here when I do anything if you want.

Kap



To: L. Adam Latham who wrote (168844)8/1/2002 2:41:04 PM
From: kapkan4u  Read Replies (2) | Respond to of 186894
 
<Re: you've made some bad calls >

I bought 400 put contracts of Jan 2005 QQQ $20 yesterday for $3 and 1000 put contracts of Jan 2005 QQQ $13 today for $1.05. Now I have a decent hedge to write up to 2000 monthly put contracts on QQQs.

Kap