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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: DebtBomb who wrote (88813)	11/9/2007 12:42:28 PM
From: Perspective	Read Replies (2) \| Respond to of 110194

I'm trying to project forward 72 hours as well. Things are pretty beat down, but yesterday's hammer didn't appear to help matters. How many weak hands remain? How much of this is shorts piling on a new trend? Lots of darkside players these days. I'd be perfectly content if I could just figure out the best way to ditch my QQQQ hedge. Don't care if my shorts bounce, many of them are terminal. But losing money being long tech has me racking my brain for strategies. I really wish I'd sold into the last hour rally yesterday, but I wasn't on top of it. I suspect we get a stronger bounce at some point, just not sure off what levels. I know everybody and their brother in hedgefundistan has been playing long tech/short finance, and it seems like that is unwinding. Perhaps I just need to "dollar-cost-average" my way out of the hedge. BC

To: DebtBomb who wrote (88813)	11/9/2007 12:49:45 PM
From: Perspective	Read Replies (2) \| Respond to of 110194

Options expiration next week. That means the criminals have plenty of motivation to throw money at the futures to hold things at max pain. That and the oversold conditions say it's pretty likely we see a meaningful short covering rally next week by Thursday. I actually think some of the selling is these guys getting a stash of cash ready to goose prices for options expiration. Sell 'em so they can buy 'em. All that matters to the option writers is the price a week from now, and you can print almost any price you want at a given point in time as long as you plan ahead. BC