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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED -- Ignore unavailable to you. Want to Upgrade?

To: Sully- who wrote (55149)	9/18/2002 7:32:58 PM
From: Voltaire	Read Replies (1) \| Respond to of 65232

HOUSES WILL SURPRISE TOMORROW - 1. They take the markets down big time in morning with IBM/EDS aces in hand. 2. Rationalize the jobs figure which ever way they need to. 3. Protect both brother houses JPM and C. ( Houses never let their brothers die ). 4. Bring markets at least 70% back from lows by 3 P.M. and Friday we rally to the upside. Will be buying and flipping -QQQ's, TYC, LLTC, C, EBAY and IBM. V

To: Sully- who wrote (55149)	9/18/2002 10:33:41 PM
From: RR	Respond to of 65232

Fine in the trades, wstera_02. You mentioned EXTR. I still watch that one. Almost bought some calls on it today but didn't. Hey, watch ole blue for a bounce. I need to pull up an options chain on IBM and check that out tonight just in case. RR

To: Sully- who wrote (55149)	9/19/2002 12:37:58 AM
From: elpolvo	Read Replies (3) \| Respond to of 65232

OOFster- thanks for the details. most don't like to share the "trades gone bad" but it sure helps others to hear both sides of the action. we don't learn anything if all we hear are the successes. here's my story for the week... i heard the iraq concession monday night so i bought some turtle calls <INTC Jan 17.50> at the open tuesday thinking it would be a good swing trade. they cost me $1.70. immediately the administration poo poos the concession, the productivity numbers for august come out in the red and the market tanks. :-( if i'd have just stuck with my "evil bush empire" trading system plans i've have known bush would have pulled something like that and bought the puts instead. wassa matter me? i keep thinking there has to be a decency bone in his heart -- but it hasn't shown up in foreign policy yet (though i did read that he said nice things about czech republic president vaclav havel today) whitehouse.gov my revised plan (and this is why i bought the jan calls) is to sit tight for a while and see if i can get out of this trade without a loss. if it doesn't happen in the next few weeks i'll take my loss and look for another trading opportunity. it's a small position but it's still important to me to follow the best strategy... i'm trying to get good at this. so far, my "bush is bad for the market" trading system is still batting at least .850 if not more -- going long is VERY risky. RR will be admonishing me for not sticking to my plan closely enough. <g> -el polvo