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Strategies & Market Trends : Win Lose or Draw : Be A Steve, Make A Call -- Ignore unavailable to you. Want to Upgrade?

To: Win-Lose-Draw who wrote (939)	2/6/2003 9:45:19 PM
From: Softechie	Read Replies (1) \| Respond to of 11447

Get ready to rock with VIX VXN USPIX...COMPQ NDX are on the verge of the cliff...this is similar to February and June 2002 the way daily P/C ratio over 1 and then KABOOM!

To: Win-Lose-Draw who wrote (939)	2/6/2003 10:05:01 PM
From: t2	Read Replies (1) \| Respond to of 11447

WLD, This quote is what really interests me. "The manager wanted to buy puts and buy the underlying QQQ, a trade often referred to as a 'married put,'" whereby the put serves as downside protection for the long position, Najarian explained. The idea of having to buy the QQQ to make the large put buy possible without moving the markets too much. The article makes it net long but maybe the intent may be the real question.. So over time, he is bailing out of his QQQ longs and left with the puts. Here is another quote posted by Ork with someone else's commentary. Seems quite bearish. Message 18547613