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To: MythMan who wrote (227257)	3/11/2003 4:29:08 PM
From: mishedlo	Respond to of 436258

I did close some out thet we unhedged. I can only short options in one acct. I think it is dangerous to be hugely short the QQQ's here. But when I could hedge with short puts and leave myself plenty of time on the Junes I thought I would give it a whirl. I want a stupid expiry bounce here. Not a huge one but I want one. Further down does me almost no good at all except in a couple isolated plays. I will not lose on a drop to 780 or whatever but I will gain nothing from it and lose the ability to short stuff at decent prices. I want 800 to hold but it sure looks like it will not. Will not hurt me if it doesn't but my hedges cost me additional profit big time below 810 spoos. QQQ is more complicated and I have no idea what I want there. IBM at 75.10 is probably what I want there. M