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To: ftth who wrote (8625)4/25/1999 9:03:00 PM
From: E. Davies  Read Replies (1) | Respond to of 29970
 
The adventurous may buy puts on the QQQ tomorrow (but I'm not feeling too adventurous)
Slightly OT: I have decided that all past history points to a correction in the Nasdaq starting after the day CSCO announces earnings beating estimates by a penny and making cautionary comments that they cant grow like this forever. Yawn.
It pretty much marks the end of earnings season and there will be no news to look forward to. Date is 5/12 I believe. So far I havn't found anything smarter to do than short QQQ, but I'm looking.
Expecting correction to be roughly 2 months putting Nasdaq Composite down to 2000 (thats 20%). If this happens ATHM will go no lower than 100. All my opinion and complete conjecture of course.
Eric