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Strategies & Market Trends : Signals & Opinions -- Ignore unavailable to you. Want to Upgrade?

To: Yogizuna who wrote (1947)	10/1/2003 9:58:57 AM
From: James F. Hopkins	Read Replies (1) \| Respond to of 3523

How do you like this gap up, ( after closing on the lows ).. shit I feel lucky, after yesterdays sell off.. But not real lucky..I sold my QQQ and INTC already and I'm going to work in the garden. --- I'll look in from time to time, but I'm flat except for my little HFCGX and I would love to see enough of a rally for me to buy back the puts I sold. --- ( slippage and all makes puts sort of expensive ) I may just short the SPY..or buy some BRPIX ( an S&P bear fund 1 to 1 ) stay away from the leveraged funds..your timing has to be exceptional to get in/out of them and come out ahead in the long run as they go 2x on the day..it don't add up to 2x over time expense eats them up. Better to get a flat 1 to 1 , and margin it if you want leverage. --- I'm out of here..in spite of her rally I got my profit ...and will look in latter to see if I go short. Jim