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To: Ray Rueb who wrote (31216)9/25/2002 2:18:59 PM
From: Carl WorthRespond to of 118717
 
MCCC seems like a tough play with puts as i don't expect them to go to zero for a while still and then you have the extra cost of the options spread...i was able to short them at ameritrade a while back and then i box them at times by buying shares at brown, for whatever reason ameritrade seems to be more reliable for getting shares of almost anything i want to short and they actually seem to get me better fills on shorts than brown does

with MCCC trying to put in a hammer today it looks to me like it wants to try to move back to the low 6's, at that point i will probably unbox it again unless the market tries to make a more substantial rally than a day or two, i will also unbox it if it breaks today's low or if a shorter term chart breaks down since just like i want to be net long on stocks i think are eventually going higher, i want to be net short on things like MCCC that are likely in trouble long term

carl



To: Ray Rueb who wrote (31216)9/25/2002 3:19:06 PM
From: Carl WorthRespond to of 118717
 
well MCCC failed at 5.80 and broke its nice intraday pattern and so i unboxed it again at 5.72, only made 20 cents on the scalp but it's better than nothing <g> i have to go run an errand for our business anyway so i'd just as soon take the quick gain and run

carl



To: Ray Rueb who wrote (31216)9/26/2002 3:18:29 PM
From: Carl WorthRespond to of 118717
 
nice move for RCII today despite that "HOLD SHORT" <g> long way to go for my 8 points that i got last time but at least now i can put in a stop which guarantees i will make at least a small profit (barring a gap down of course)

ISLE also continues up nicely, i'm only a bag holder on a few of my shares now as the rest are in the green...lol

market looks like it is serious about a month end rally, probably not much more than that until we get out of warnings season but at least it's something

carl