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Strategies & Market Trends : P&S and STO Death Blow's -- Ignore unavailable to you. Want to Upgrade?

To: Win-Lose-Draw who wrote (10342)	10/10/2002 7:38:08 PM
From: mishedlo	Read Replies (3) \| Respond to of 30712

WLD - I was referring to HL. Bought at 3.07 today and do not know what to do with it. Not sure I or lisalisa wants to short gold. I was thinking holding until overbought stochastics. OTOH 3.07 to 3.60 (if its still there tomorrow is not a bad play). Perhaps I sel HL and hold the GG calls I also bought. That is a nice compromise as getting into and out of calls is tougher. M

To: Win-Lose-Draw who wrote (10342)	10/11/2002 5:51:43 AM
From: Justa Werkenstiff	Read Replies (3) \| Respond to of 30712

WLD: Re: "i believe justa posted he's already out of his longs and establishing new shorts." You are correct. It is real simple in my mind. I think there is $1 in upside on the QQQs and $3 in downside. And I think anytime you rob money from the bear on the long side, you should feel like a thief and get out before you are left holding the bag. Right now it is about 50 Compq. points to a $1 in QQQs. So here we are at 1160 and change on Compq. So $3.00 on the QQQs takes you to $18 from here and $3 x 50 points gets you to Compq. 1000. And 50 Compq. points gets you to a bit over 1200 Compq. and that is $1.00 in QQQs which gets you to a shade over $22. Max pain is between here and $22 and has been fading more toward $21 the past few days. That is the trend. Now on the Dell pump we could not get above $22 in the open market. We only got there in the after market. So I will be shorting here on up and will be trying to get a nice sized position together.